July 12, 2011
Over the last 803 days Congress passed the most complicated piece of nonsense in our history: ObamaCare. And failed to produce a Federal budget.
This is akin to buying a Ferrari on credit while your house is on fire. It should be clear that our system is broken.
Washington does do a great job of milking that goose that lays those golden eggs: the U. S. economy. Unfortunately, ever increasing government spending has stifled the jobs recovery.
But Obama is pledged to keep the spending going at all costs. So he must raise both the U. S. debt ceiling and more taxes. To rally us he has become a valiant class warrior against corporate jet aircraft.
Gosh, I don’t have a jet aircraft, so he must be right! Let’s tax ‘em!!
Of course, this diverts our attention from the fact that he has already caused the “largest tax increase since 1993.” according to a Wall Street Journal editorial. Taxes buried in ObamaCare will add “…some $438 billion in new revenue over 10 years.” [“Taxes Upon Taxes…” WSJ, July 11, 2011]
Worse yet, these taxes phase in on confusing schedules, meaning they are hard to understand and they will be many times higher 10 years out.
Finally, having no business experience and no business sense whatsoever, Obama wants more taxes now with “promises” of undefined spending cuts in the future. Wow, that will help jobs, won’t it? I don’t think so.
Here’s how this “trust me plan” plays out:
Yep, the government is never to be trusted on promises of down-the-road spending cuts.
With entitlement and war costs on autopilot, where can the government make meaningful cuts? A recent column by Victor Davis Hanson offers one simple solution: Eliminate the Department of Agriculture.
What good would that do? Well, Hanson claims that this department’s budget–$130 Billion–is higher than the gross profit of all agricultural activity in the United States. Much of it goes to handouts to people who do not need them. Any remaining important activities–say, food inspection–could be farmed out to other, more efficient agencies. [ “The Department of Food Subsidies” June 28, 2011]
And this is only one Agency.
Let’s see: $130 Billion a year times ten years is $1.3 TRILLION. Sounds like a good start, doesn’t it? Perhaps the EPA should be next.
Hopefully, this will reanimate our goose that lays those amazing golden eggs.
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