Not that we have seen the last of the spending. We have only seen the beginning. I've read estimates that there is 3.4 trillion dollars in spending coming down the pike.
"That's a lotta dough!"
Of course, President Obama and his band of thieves in Congress have got it all figured out. First of all, he is going to give a tax break to 97% of working families (whatever that means). Then, he is going to ask the top two per cent of wage earners "to pay a little more". Apparently, the top two per cent are those earning over $250,000 a year. Those people are going to have to pay "their fair share", as the liberals all love to say.
Of course, what liberals don't tell you is that the rich do pay their fair share. What is it- the top two per cent pay 40-50% of all revenue collected in taxes? The top one per cent pay something like 60% of all taxes?
"Make it more!"
I am no economist, but I don't think we need a Paul (the worm) Krugman to figure this out. Here's the problem. If we are actually talking about some 3.4 trillion dollars, Obama's plan doesn't add up. As noted pundit (and my hero) Rush Limbaugh points out, you can confiscate all the wealth of the richest two per cent and you still have nowhere near enough. Obama is talking about money that hasn't even been printed yet. Increased taxing of "the rich" isn't going to balance the books in the face of all this government spending that Obama wants.
Which means........
I figure about a year down the line, a new tax bill will be passed to bring in more revenue to the government. That will mean increased taxes for those earning over say...$100,000. Later, there will be another "adjustment" that will increase taxes for those earning over $50,000 a year. It's the only way all this spending can be paid for.
You wanted change-you got change.
Oh yee suckers.
4 comments:
I wonder what those nice Hollywood types that have ogled all over him will do when they discover that they are going to pay so much in taxes, that they will have to give up their lavish lifestyle. What will they do?
Could you imagine Paris Hilton actually having to find a job? I wonder if she could do it. Or Rosie O'Donald having to give up some of her favorite things, like eating enough for a small city. Just think of the wonderful pleasures that the moguls of Hollywood will have taking the rapid transit (non-existent) to work every day.
I wonder when these useful idiots will start to cry foul! Not me.
But they should not worry, by 2012, everybody will be paying taxes out of their touche. And like Joe Biden said, It is the patroitic thing to do.
Gary, something needs to be done. I don't know how it's going to turn out and neither do you. But to even give an ounce of credence to that disgusting man you like, Limbauch (sic) is more than I can take. What redeming quality does he have? His brain is still pickled from his drug abuse.
Ingrid,
The secret of Rush's success is not that everybody loves him. It is that half the people love him and half the people hate him.
His whole schtik about being arrogant is his humorous way of pushing liberal buttons-which he does quite effectively, much like Ann Coulter. and the liberals bite every time.
As for his drug addiction to pain-killers-that was a result of back surgery that left him in severe pain. I don't excuse what he did. I just put it in context.
Had I been advising him, I would have told him to cooperate with the police in every way. It probably would have shortened the entire ordeal.
What I like about Rush is his ability to articulate the conservative cause.
His ability to articulate the conservative cause? Severe ignorance coupled with an overbearing vitriol? Wow...I'm even more afraid now.
Personally, I'd like him more if he made fun of more people with Parkinson's. What a classy guy.
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