This is a warning to Democrats, and I hope they pay attention. I use the word ’they’ because none of them read my screed, I am certain. The Democrats constantly say, and actually believe, I am sure, that the only way to balance the budget and kill the deficit is to raise taxes on the richest people, even though they already pay most of what’s collected. Democrats don’t think they pay enough, and if their entire of people earning a million a year and above were seized, it would fill a fraction of one percent of the deficit, and then all wealth would promptly leave the country, and I wouldn’t blame them!
Day before yesterday, Colorado had a state wide election, and it was for one single reason. To raise taxes a wee bit, ’to fund education,’ as if education wasn’t already funded by property taxes. The measure would have raised individual and corporate income taxes from 4.63% to 5%, and the state sales tax would have been raised from 2.9% to 3%.. It was defeated close to 2 to 1. I say this is a clue which Democrats ought to realize and stop hindering Republican’s efforts to not raise taxes, get rid of regulations, and make government a lot smaller. Smart Democrats would change their minds and parties.
Here’s a quote from Tyler Houlton, president of Compass Colorado, which I have never heard of, but it hits the nail on the head. “Liberal special interest groups and their allies in Colorado’s Legislature simply do not understand that multibillion-dollar tax hikes lead to massive job loss and stifle economic recovery. Fortunately for our economy, Coloradoans rejected this job killing tax hike that was never guaranteed to fund Colorado schools in the first place.” State Senator Rollie Heath, gave a typical Democratic attitude when he said that, “I don’t understand why Coloradoans are unwilling to pay a little bit more to fund their public schools.” A little bit more? Americans have been paying “A little bit more,” since the income tax Amendment was passed, and a lot more when prohibition was made an Amendment. Tax on alcohol paid a great portion of government expenses, and when prohibition was passed, it cut a major part of revenue to government, which of course has grown and grown and grown like a huge weed, even after prohibition was abolished in 1933.
Legislators are always ready to spend your money for their little pet projects which will get them re-elected if they pass, and many, many times, one party will trade with the other to get each others’ bills passed, which is disgusting. Meanwhile, the National Debt Clock has gotten over the $15 trillion mark, and long term, committed expenditures are close to $175 trillion, which can never be paid other than with printing press money, whose amounts grow like Topsy every day
Herman Cain is even more disgusting to me than before, and not because of the three gals who swear he was a bit suggestive to them, and which he has several answers to their accusations. No, it is because he was asked last week on TV, with which person in history would he like to have lunch. I would have chosen George Washington, Thomas Jefferson, James Madison, Ben Franklin, or maybe even Robert E. Lee, but certainly NOT Cain’s choice, which was Martin Luther King. Urp. It made me want to throw up. Newt is the smartest, and Ron Paul gives all the correct answers. Who will it be? I have no idea.
I am deeply worried about the world’s economic situation. If the Greeks default and go bankrupt, Italy might do the same, and Italy has ten times the economy of Greece. Would Spain and Portugal do the same? That would wreck the euro, and banks all around the world would go bankrupt because banks all around the world have bought heavily the bonds of those four nations. Everything could go, and gold and silver would go heavenward. The dollar would remain, but its purchasing power would be greatly diminished because the FDIC would have to print trillions to bail them out. A Coca Cola might cost $10, or maybe $20. For goodness sakes, PROTECT YOURSELF!