Ever heard the story about the man who shot his parents and threw himself on the mercy of the court by saying he was an orphan? Well we have another case.
Barry and the Boys have been spending money like a bunch of drunken sailors and the hangover is yet to come . . . 800 billion for stimulus, a trillion or two for financial institutions, deficits in the trillions of dollars, let alone the cost for health care and cap and trade. And one day, just recently, it has dawned on him that all this spending can be unhealthy and creates a huge deficit. So he has issued a debt reduction emergency.
Wanna bet on what he decides to do? Cut spending? Ha. Raise taxes. The poor old government does not get enough money from those rich people. It needs more and more and more. They are not paying their fair share. What exactly is their fair share anyway? 50 percent? 60 percent? Under FDR, tax rates reached 90+ %. And we know how well the economy did. Doesn't Barry O ever read history? Or does he merely believe in his own arrogant grandoise ability to change the course of a country.
Perhaps he should take a step backwards and start cutting instead of adding. But Barry will not be satisfied until 100% of the economy is government produced and every employee is a government employee. ANd of course we will all be broke and penniless. But he will be out of office well before then and it will be someone else's problem, probably a Republican forced to clean up his messes.
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