The Taxman Cometh

I have a question. How do you raise federal social spending and economic control to new heights and then complain about the budget deficit, much less think you will cut that fiscal monster in half? Taxes Hikes on “The Rich” The President has not come out officially on this, but his administration is as leaky as all the others so we found out that he plans, in addition to scaling back Iraq war spending, to end the Bush tax cuts for those making $250,000 or more a year, and to streamline government. With his recent troop surge in Afghanistan and the deteriorating situation over there along the Pakistan border, Iraq war spending will mostly be shifted to Afghanistan war spending. No big savings there. As for streamlining government, it is laudable idea, one that every president of recent memory has pledged to do, yet none have actually managed to accomplish. So, we can probably dismiss that as mere rhetoric as well. From what we have seen so far, any cu... [Read Full Article]