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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: TimF who wrote (82357)4/9/2010 2:51:53 PM
From: tonto2 Recommendations  Read Replies (1) of 224727
 
The democrats concern with tax rates are, will they bring in votes? Will it expand socialism?

Spending is out of control. Period.

Real federal spending remained steady at $21,000 per household throughout the 1980s and 1990s, before President Bush hiked it to $25,000 per household. Now, President Obama has a proposed a budget that would permanently spend a staggering $32,000 per household annually – and that’s before all the baby boomers retire and add another $10,000 per household in Social Security, Medicare, and Medicare costs to the bottom line.

So the problem is not declining revenues, but rather a spending spree unlike any in American history. If Washington insists on spending $32,000 per household, it will have to tax $32,000 per household – an unaffordable and unfair tax burden regardless what kind of tax collects it.

Rather than tax America into permanent economic stagnation, President Obama and Congress must rein in runaway federal spending.
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