Wednesday, July 11, 2012

Shock of Shocks - Obama Wants to Raise Taxes

Picking up my sarcasm, friends? Good, because I'm laying it on pretty thick.  Of course President Obama wants to raise taxes...he's a liberal! His mentality is that all your money really belongs to the government anyway, whatever isn't taxed is government benevolence, and you should be happy with whatever government leaves for you. That's why he thinks that tax cuts "cost money." It makes about as much sense as me saying "If I choose not to buy Eggo Waffles, I'm costing the Kellogg Company money."  Actually, that money didn't belong to Kellogg in the first place. Same goes with tax dollars. The money doesn't belong to government in the first place.

Now let's talk about the theoretical logic behind Obama's tax would assume it's to close the budget deficit. So let's look at some numbers, shall we? The 2012 Federal Budget had a deficit of $1.327 Trillion. Now, over ten years, the Obama tax increases would raise $700 Billion. That translates into only $70 Billion in additional revenue per year (and that's assuming businesses don't adjust their spending accordingly, which they most likely will do). But let's put on our Happy Imagination Hats and make pretend that businesses won't adjust their spending and will just bend over, grab the ankles, and pay the taxes. (Why not, since we're living in Happy Imagination Land anyway.)

So even assuming a static budgeting projection, the deficit drops from $1.327 Trillion to $1.257 Trillion. Wow. Huge difference, right? Wrong. It's a drop in the bucket. We're still more than one and a quarter trillion dollars in debt FOR ONE YEAR.  So basically, this tax increase is pointless. It's ignoring the real problem entirely. Which is Obama's favorite thing to do: Pretend the problem is insufficient revenue and not excessive spending.

It's typical liberal rhetoric: just pretend we can spend and spend and spend. Just tell people we're raising taxes on somebody else. That way they'll vote for you, because apparently Americans are so selfish that they're fine with taking somebody else's money. It's not going to work, friends. Just ask Walter Mondale...I mean he beat Reagan, right? Oh wait...

Bottom line, Obama is grasping at straws. Only Mitt Romney can defeat Mitt Romney. Once Mitt fires up the conservative base, it's all over for Obama. We just need to fire up that base. Then, instead of raising taxes on somebody else, or taking somebody else's money, we can simply elect Somebody Else as our President.

No comments:

Post a Comment

All posts will be reviewed subject to the Rules for Commenting. Any post that does not abide by these rules will not be posted, entirely at the discretion of the blog editor.

Commenters who repeatedly violate these rules will be permanently banned from commenting, and thus none of their comments, regardless of content, will be posted.