Barack Obama Wins and the Tax Payers Lose

     Barack Obama easily defeated John McCain for the Presidency.  Obama generated a lot of excitement, but even his strongest supporters would have to admit that his win was as much about anti-Bush sentiment as it was about his ideas.  The majority of Americans wanted a drastic change and now they have it.  The saying, "be careful what you wish for, you just might get it" comes to mind.

     I don't find Barack Obama to be an honest person.  First, he agrees to accept public funds for his campaign, then he goes back on his word, out-spending his opponent by well over a 2 to 1 margin.  Next, he talks about raising taxes on the wealthy and cutting taxes for the middle class.  He said people making less than $250,000 are middle class, but then this number drifted down to $200,000, then $150,000, $120,000, and in one of the Democratic debates, $97,000.  So, if you were counting on a tax cut, don't be surprised if you don't get one.

     That brings me to Obama's economic plan.  Both Barack Obama and John McCain wanted to cut taxes.  While I normally agree with tax cuts, I believe taxes should remain at their current level for everyone.  We should cut spending, balance the budget, and start paying down the National Debt.  Barack Obama is promising tax cuts, and he wants to give tax increased "credits" to individuals, which would be combined with increased spending on expanded programs.  Won't this just make our National Debt grow?

     If you are an Obama supporter, you probably think I'm wrong about everything you just read.  If you think I am, just wait to see what happens during his administration.  Look who gets the tax cuts, and watch the National Debt rise.  We are currently at $10 trillion and with an Obama Presidency, it should grow steadlly. 

 

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