President Obama said it was time to make some "tough decisions" in his most recent speech, but in the same speech, proceeded to tear apart Paul Ryan for doing exactly that. When Obama talks "tough," it's awfully one-sided.
His idea of a responsible decision is to raise taxes on the "wealthy." Nearly half of all Americans do not pay taxes at all. Is nearly half of America poor? And is the other half "wealthy?"
Before we go attacking our "rich" neighbors, consider the following:
Were we to confiscate 100% of the income of the well-off, it would not cover the national debt. Wouldn't even come close.
Secondly, history has shown time and time again that when tax rates go up, tax revenue goes down. If Obama were serious about bringing down the deficit and debt, he would not be threatening tax increases.
On a somewhat related note, a facebook friend of mine in one post wrote about the injustice of our tax code. He subsequently posted a "recall Tom Luna" post. Here we have the same thing--someone talking about "tough choices" and necessary reform, but rebelling against the elected official who has made some very tough calls which will serve to alleviate the financial strain on our state's budget.
I just wanted to point that out.
1 comment:
Yep, most people are for cutting back and making "tough decisions," until it affects their pet program. That's one of the evils of socialism, too, IMO: it divides us and pits our (often manufactured) interests against each other. "[All] manner of -ites."
Excellent observation and application. :)
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