Monday, August 3, 2009

One Single Dime? More Like Thousands!

" will not see any of your taxes increase one single dime."

Does anybody remember the flowery rhetoric of Candidate Teleprompter and his claims of tax stability? Lest you still believe the nonsense coming off the Presidential teleprompter, perhaps you should listen to what Treasury Secretary and tax cheat Tim Geithner has to say.

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Geithner, in an interview with George Stephanopoulos, refused to rule out tax hikes. Rather, he stuck with the rhetorical flourish of, "We’re going to have to do what’s necessary.”

CBS5 explains it this way:

President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

One more time America, Obama and his enablers in the Congress are tax and spend liberals! Obama has definitely gotten the spending part down, now he is moving in for the taxes. Whether it is his ObamaCare albatross, "stimulus" package, or "Cash for Clunkers," this administration and Congress have spent this nation into the ground. What's worse, is that they are foolish enough to believe they can tax their way out of this spending crater.

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When American consumers have less money with which to consume, the economy suffers and revenue to the US Treasury decreases. Their no disputing that fact. When Americans are engaging in economic activity, whether it is spending or investing, the economy grows. When the economy grows, tax receipts grow.

However, when taxes are increased, economic activity decreases, as does revenue to the Treasury. No amount of government spending or "stimulus," can replace the multiplier effect of the American consumer. Keynesian economics just doesn't work.

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If you are serious about reducing the budget deficit, contact your elected representatives. Tell them to quit spending like drunken sailors (apologies to drunken sailors)! Also tell them to keep their hands off of the best health care system in the world. Finally, register to vote, if you are legally eligible to do so. The 2010 elections are just a year away. Do you have a message you want to send?

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