Thursday, November 11, 2010

Obama wants you to pay for the Deficit.

http://content.usatoday.com/communities/theoval/post/2010/11/obama-to-congress-stop-shooting-down-deficit-proposals/1

http://www.businessweek.com/news/2010-11-11/deficit-plan-pairs-3-8-trillion-with-tough-politics.html

The rich can keep their tax cuts. No problem.....

But the deficit needs to be paid. You know.... the deficit that exists because Obama spent 800 Billion on stimulus so his CEO buddy's could hire more people in India and China.

The Deficit that exists because Bush and Obama bailed out Mega Super Duper Rich Goldman Sachs, and AIG, and GM, and Bank of America and on and on.

To pay for all this Obama wants to put his hand right into your checking account. You know every April when you get a big tax refund because you can deduct your mortgage interest. No more. Obama wants to keep that money for himself. Gas tax would go up. Retirement age would go up. Social Security Benefits would be cut. Medicare would be cut. No more deductions for having kids.

But if it is any consolation corporate tax rates would be cut from 35% to 26%. GE, and Microsoft (and all the rest) would get giants breaks for continuing to send jobs overseas.

You and I would be stuck paying for it all.

When Obama says "Yes we can" what he means is "Yes we can make you pay for it all".

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