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Here are your choices: Obama has folks touting a Valued Added Tax (VAT). This is a national sales tax, added on at every stage of production. In the end, the price of a product would increase by about 20%. Oh, the income tax would stay.
The Republicans want tax and spending cuts. Which approach do you support?
"Spending cuts have proved politically sustainable in other advanced countries. Economist Tyler Cowen, writing in the New York Times, notes that in the last two decades Canada, Sweden and Finland all cut government spending 20 percent within a few years when faced with structural budget deficits. It may have been painful, but no one saw starving people in the streets of Ottawa, Stockholm or Helsinki."
You can trust the government with your money--to protect government. "When revenues crashed, congressional Democrats sent one-third of the money in their $862 billion February 2009 stimulus package to state and local governments. The stated reason was to prevent interruption of services.
The political motive was to maintain existing state and local payrolls -- while the private sector has shed 8 million jobs, the public sector has shed zero -- and to keep the dues money flowing to the public employee unions that were so generous to Democrats in the 2008 election cycle."
If you love the financial stagnation and emotion daze of the Europeans you will love the Obama approach. Pass this on--November will have consequences.
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The Republicans want tax and spending cuts. Which approach do you support?
"Spending cuts have proved politically sustainable in other advanced countries. Economist Tyler Cowen, writing in the New York Times, notes that in the last two decades Canada, Sweden and Finland all cut government spending 20 percent within a few years when faced with structural budget deficits. It may have been painful, but no one saw starving people in the streets of Ottawa, Stockholm or Helsinki."
You can trust the government with your money--to protect government. "When revenues crashed, congressional Democrats sent one-third of the money in their $862 billion February 2009 stimulus package to state and local governments. The stated reason was to prevent interruption of services.
The political motive was to maintain existing state and local payrolls -- while the private sector has shed 8 million jobs, the public sector has shed zero -- and to keep the dues money flowing to the public employee unions that were so generous to Democrats in the 2008 election cycle."
If you love the financial stagnation and emotion daze of the Europeans you will love the Obama approach. Pass this on--November will have consequences.
More...