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Obama's Dirty Little Secret
So, if raising taxes on the wealthy (top 2%) is mathematically impossible to pay for the spending that is happening and will continue to happen, and if the Obama administration is unwilling to offer any substantial spending cuts that lower the deficit, the dirty little secret is this: the Federal government is going to need more money. If the wealthy are tapped out, where will they get it? All that's left is---and here it is---you and me, the middle class.
It's pure logic. The poor don't have the money to pay taxes, the wealthy under Obama will be paying more than their fair share. To keep the entitlement state viable, money will have to come from the last source of income left, the middle class. There will be fear mongering and dire pictures painted of what will happen if there are cuts to SS, Medicare, Medicaid, Welfare, Food Stamps, etc and the sheeple will agree to higher taxes to keep the freebies coming.
Seventy years of socialism in Russia and the Eastern European nations have left these economies ruinous. Here we are 20 years after the Velvet Revolution, and look how not a single one of those nations is a leading economic force. The effects of socialism are so deep, they still haven't climbed out of the pit they dug for themselves.
Freedom, free markets, being able to keep most of your money to spend it, invest, use how you please is still the greatest source of wealth creation in the history of mankind. But the liberal ideologues want to experiment and toy with socialism.
Buckle up---2013-2016 is going to be a tough ride financially---for all of us, not just "the rich".
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When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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