Sunday, February 27, 2011

Obama's 2012 Budget - More Taxes and Deficit Spending

Socialist President Obama's 2012 proposed budget is a real job killer. In addition to more than $1.1 trillion in deficit spending, which will add to the National Debt, there are $357 billion in general business tax increases, over the next ten years, that will destroy jobs. Those tax increases include: $129 billion that threaten the ability for American companies to compete in a global economy, $53 billion in changes to accounting laws, $21 billion in onerous new reporting and compliance requirements, $15 billion in new taxes on investment partnerships, $30 billion in a new bank tax, $46 billion in various energy taxes, $14 billion in new taxes on life insurance. In addition, Obama's 2012 budget includes over a trillion dollars of tax increases over ten years on individuals and successful small businesses that include $700 billion raised from raising marginal tax rates, increasing investment taxes and limiting certain deductions and $321 billion from reinstatement of the limit on itemized deductions.

In all, Obama's 2012 budget proposal would raise taxes by an additional $1.378 trillion over ten years.
And that might be OK if it resulted in a balanced budget and finally paying off the current $15 trillion National Debt; but if Obama is allowed to continue bankrupting our country, we would also continue to see trillion dollar annual deficits for years to come. In fact, it is projected that the National Debt will continue to grow to $23 trillion in the next ten years if the Obama trajectory is allowed to continue. WE THE PEOPLE just can't let any of this happen. To stop it, clearly we have to make Obama a one term President and further sweep the rest of the Socialists that are bankrupting our country out of government in 2012 and 2014.

When we go to the polls in 2012 and 2014, we have to clean house by electing Conservatives
that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy 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 that are the foundation of our nation. This is the platform supported by the majority of the American people and the only way to prevent the bankruptcy of our nation and restore economic growth and jobs in our country again.

Most important, we must elect Conservatives in 2012 and 2014 who will adhere to the Constitution, as written by our Founding Fathers, not as contrived by the left wing media, public employee unions, Socialists in the last 98 years, our current or former Presidents, Congresses, or the Courts. We have to take back our country in 2012 and 2014, starting with the defeat of Obama, the most dangerous and reckless President in our history. We can do it. We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.

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