Socialist America sinking
7.16.09 by P. Buchanan

….. One need only glance at where we were before the New Deal, where we are and where we are headed to see how far we are off the course the Founding Fathers set for our republic.
Taxes drove the American Revolution, for we were a taxaphobic, liberty-loving people. When Coolidge went home in 1929, the U.S. government was spending 3 percent of gross domestic product.
And today? Obama’s first budget will consume 28 percent of the entire GDP; state and local governments another 15 percent. While there is some overlap, in 2009, government will consume 40 percent of GDP, approaching the peak of World War II.

The deficit for 2009 is $1.8 trillion, 13 percent of the whole economy. Obama is pushing a cap-and-trade bill to cut carbon emissions that will impose huge costs on energy production, spike consumer prices and drive production offshore to China, which is opting out of Kyoto II. The Chinese are not fools.
Obama plans to repeal the Bush tax cuts and take the income tax rate to near 40 percent. Combined state and local income tax rates can run to 10 percent. For the self-employed, payroll taxes add up to 15.2 percent on the first $106,800 for all wages of all workers. Medicare takes 2.9 percent of all wages above that. Then there are the state sales taxes that can run to 8 percent, property taxes, gas taxes, excise taxes and “sin taxes” on booze, cigarettes and, soon, hot dogs and soft drinks.

Comes now national health insurance from Nancy Pelosi’s House. A surtax that runs to 5.4 percent of all earnings of the top 1 percent of Americans, who already pay 40 percent of all federal income taxes, has been sent to the Senate. Included also is an 8 percent tax on the entire payroll of small businesses that fail to provide health insurance for employees.

Other ideas on the table include taxing the health benefits that businesses provide their employees…..

CRAWFISH NOTE: Read this post again. Is there anything in it (all FACTS) that does not scare the average voter?
There is no free lunch in socialism. You will pay…not only personally but inflation must rise dramatically as debt soars. Taxing the so-called rich (most are small businesses) means its passed to the consumer (aka you) or jobs are lost (aka yours). That means the “little guy” is again hurt by the democrat Party. Keep in mind the gov-meant has a history of being 3-9x too low on new program costs (they are either dim or deceptive) to voters. Ever heard of taxing your way to prosperity? When and where?
If the liberals had been teaching real 20th century history in our schools the younger voters would know the 1970s Misery Index of democrat Jimmah Carter. Look it up now. Watch the Dow…it was 13k the summer of 2008. Wanna bet its 12k next summer? Go “hope” for that “change” too.
Another democrat “Tax U Phase” is near (aka buy votes/create dependency/grow gov-meant). Plan accordingly. J. Carter Obama lives.

http://conservablogs.com/theconservativecrawfish

Posted on July 17th, 2009 by Doug Schexnayder, Ph.D.
Filed under: ECONOMIC