Tuesday, April 19, 2011

The Obama-Democrat Credit Score Train-Wreck

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Roanoke Times, 4-18-11, Pg 3: Geithner (Obama’s Treasure Secretary) says GOP OK with raising debt limit. GOP Paul Ryan actually says “We want cuts in spending before discussing debt limit increases”.
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The Credit Score TV singing boys have been joined by the The 2010 Voters, The International Financial Community, The TeaParty, The Republican Party, The Obama-Debt Commission and now the Credit Rating Services all are telling the world that the Obama-Democrat Spend, Tax and Borrow Binge has resulted in a $14.5 TRILLION Debt Train-Wreck with $1.5 TRILLION added each year.
http://www.foxnews.com/politics/2011/04/18/negative-rating-debt-sends-jolt-capitol-hill-debate-debt-ceiling/
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The Obama answer – we can tax our way out of this mess!
Has any government in the history of the world ever taxed its way to prosperity?
Have not the ones who tried died in unemployment and hyperinflation?
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Obama’s Class Warfare Chant: Let’s tax the “rich” more!
After all the top 10% of the income earners (most of whom are small-business owners and therefore the primary job creators) are currently paying 70% of the Federal Income Tax (FIT) collected.
And 50% of the population doesn’t pay any FIT at all! Perhaps that’s why all the polls show 50% of the population are happy with the taxes they pay! You think?
http://www.ntu.org/tax-basics/who-pays-income-taxes.html
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Raising the Federal Debt Ceiling simply keeps the door wide open for more spending and taxing and borrowing. When individuals, companies and governments cannot borrow more money they are forced to make a realistic budget and live within their income. Millions of people and thousands of companies have been forced to do that and they don’t understand why the Federal Government can’t do the same!
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Vote NO on raising the Debt Ceiling!
Vote YES on stopping our Federal and State Spend, Tax, and Borrowing Binge!
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Prior Items:
http://roanokeslant.blogspot.com/2011/04/obama-tea-party-guy.html
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http://roanokeslant.blogspot.com/2011/04/like-crack-addicted-junkies-government.html
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