Is it just me or do you find it alarming that President Obama is running around a swing state promising people in Ohio that he can balance the budget with no cuts to social services, the military, and perhaps even bail out the college tuition fund, government underfunded pensions, and pay for everyone’s food stamps, healthcare, and whatever else he’s offering this week, perhaps an iPhone 5 and iPad for every voter? Of course, he finally admits he will be raising taxes because he plans on doing cuts and increasing revenue. That’s a big problem for taxpayers.
You see, everyone I know doesn’t mind paying their fair share, but they don’t wish to pay everyone else’s fair share on top of that, especially to a government which simply wastes the money on all sorts of nonsense. The AP had an interesting story recently posted on September 24, 2012 titled; “Economists say US needs more taxes, spending cuts,” by Scott Mayerowitz which stated;
“The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, says a group of economists. A survey of 236 members of the National Association for Business Economics says the country needs more fiscal stimulus through 2013, but by 2014 it should be time to throttle back.”
Indeed, one of the biggest problems I see is that all the economists these days come from academia and have never worked in running a company of their own in the real world. Thus, they are missing the full-value of free-market capitalism and perhaps even misunderstanding the basic tenants of Milton Friedman’s work “The Right to Choose” or even Adam Smith’s “The Wealth of Nations” philosophy.
Raising taxes to cover up multi-year trillion dollar deficits under Obama’s watch isn’t going to spur on job growth, even as the Federal Reserve has mandated as its primary cause currently. Not that the Federal Reserve, a private bank, should be in charge of job growth in the first place, nor I suppose should an administration of the executive branch of government claim they can increase employment by way of tax increases. Governments which run under socialism concepts have no business promising future prosperity (cite: History).
Perhaps, we’ve had enough promises in the past from this administration to realize that any promises made today or in the future with regards to job growth or economic GDP gains are most likely to go completely unfulfilled. It seems that the myth of socialism has taken hold in America and without removal and replacement of the current administration there is just no way we can turn this ship around before we hit that shoreline. Indeed, I hope you will please consider all this and think on it.