Saturday, September 4, 2010

Socialists - The Biggest Lie Of All

President Obama and the Socialists that control Congress are always saying that the "rich" need to pay their fair share. Of course, Obama defines the rich as any family earning more than $250,000 a year, which would include many professional couples living in big cities and small business S Corporations that pay personal, rather than corporate income taxes. Obama should know all of this since he and Michelle Obama were once one of those couples earning well over $500,000 a year. When Obama became a Senator, Michelle Obama, who is an attorney, got a big raise and was paid more than $300,000 annually to work "part time" for a hospital corporation in Chicago. That seems like a whole lot of money for part time work; but when you are the wife of a US Senator, your value apparently doubles, or triples; but that is another story.

The fact is that the top 10% of income earners in the US pay 90% or more of all federal income taxes. 10% of income earners pay the rest, while nearly 50% of Americans, Obama's PEEP's, pay no income taxes at all. However, the biggest lie is that the majority of the Bush Tax Cuts, that will expire on December 31, 2010, went to the "rich" and not the middle class. This was baloney as evidenced by the fact that if the Bush Tax Cuts are made permanent, on a straight line basis if that made any sense, the federal government will lose $2.8 Trillion in income, in the next 10 years, that would have been paid by those who are not the "rich". If monies lost from the "rich", again as defined by President Obama, are included in this loss of tax revenues, another $700 Billion will not be confiscated by the federal government.

As these numbers indicate, the Bush Tax Cuts primarily went to the middle class not the "rich" by as much as four times more. Socialists don't do too well with numbers and they certainly never learned the lessons of history, or Economics 101. If the Bush Tax Cuts are made permanent, this money, approximately $3.5 Trillion, if left in the hands of Americans, rather than if confiscated by the government would be used to grow jobs in the private sector, either through direct consumer purchases, or investment. When that happens, tax revenues to the government will increase not decrease.

If the Bush Tax Cuts are not extended, it will represent a $3.5 Trillion income transfer to the federal government to grow government jobs, which will be at the expense of the private sector and our freedoms. Government jobs do nothing to grow our economy. Nor do they result in more tax revenues for the government, since the private sector pays taxes and government pays none.

The Bush Tax Cuts should be made permanent to grow our economy. What Socialists just do not understand is that raising taxes results in less revenue to the government not more. And, raising taxes of any kind when the United States is in a Recession/Depression is dumb, dumb, dumb. If the Socialists are allowed to continue enacting all their Schemes, which result in more taxes and strangling regulations on business, the US will experience a lost decade, as occurred during Roosevelt's New Deal and in Japan. Unemployment will remain high and the standard of living in the US will continue to decline. We can't let that happen!

In 2010 and 2012, we must sweep these Socialists, with all their big lies, out of office by electing Conservatives who support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real energy independence and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values. This is the winning platform supported by the majority of the American people and the only way to restore our economy and create jobs in America.

Most important, we must elect Conservatives who support the Constitution, as written by our Founding Fathers, not as contrived by the left wing media, Socialists Obama, Reid, Pelosi, former Presidents, Congresses, or the Courts. We must sweep these Socialists out of office in 2010 and 2012. We can do it. We must do it to preserve our freedoms, our nation and way of life and for the sake of our children and grandchildren.

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