Obama’s Self-Serving Budget

I read somewhere once, this theory:

“If you took all the money in the world and gave an equal amount to each person, within a decade, the same people would end up with all the money again.”

Then, today, I read about Obama’s budget proposal, where he wants to increase taxes on people earning more than $100,000 a year, while giving 80% of the population an $800 a year tax break.  I really do not understand Obama and other socialist(or “progressive”) thinkers where $66 a month is going to change things.  It’s mostly a symbolic, self-serving gesture by Obama, where he wants to take from the rich and give to the poor.

The funny thing, though, is that those receiving the $66 (me included) will probably spend the money and not save it.  Then they will have goods they don’t need, but the money will be transferred back to those that own the stores or make the products.  It will go right back into the hands of the wealthy.

How about a real change in the tax policy?  How about we cut taxes across the board by half?  If you make $40,000, you would pay $10,000 in taxes now, but would pay only $5,000 a year if we cut taxes.  What do you think will help more?  Obama’s 800 bucks or five grand in your pocket?

That’s the problem with Obama’s thinking.  Rather than letting us keep more of our hard earned money, he would rather give us a nominal tax cut and call it “change.”

I know, you’re probably saying, “If we cut taxes by half, how will the government make money to fund all our programs?”

This tax cut would have to come with an even bigger spending cut.  In 2007, our government spent about $2.7 trillion and took in about $2.4 trillion in taxes and fees.  So, if we cut taxes in half, you could say we would have about $1.2 trillion to spend.  Our spending on our military empire totals about $600 billion, and social security and medicare costs almost $1.2 trillion.  You can do the math that if we end our empire and bring our troops home, and stop or cut some of the welfare programs, we could easily balance the budget.

The point of this post though, is that Obama’s goals are for his own devices only, and not for the good of the American people.  He says he wants to cut taxes, but the cuts aren’t enough to make a difference.  All he really wants to do is shift the tax burden around, but not really bring any change or hope to the government.  It’s all a sham, and everyone is falling for it, hook, line and sinker.

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