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Didn’t we just have a historic Tea Party election? Wasn’t the message STOP THE SPENDING, PAY OFF THE DEBT, and STOP THE INSANITY? The message was loud and clear, yet the first major bill after the election adds about one trillion more in debt as we face economic Armageddon - a rapidly approaching debt crisis (that will make Greece look like child’s play), 20% real unemployment, and eventually hyper-inflation that could turn America into Zimbabwe. This is insanity, folks. But hey, what is another trillion in debt among friends? As a small business owner, entrepreneur, and capitalist evangelist, no one has been a bigger cheerleader for lower taxes than I have. Tax cuts leave more money in the hands of those who earned it and deserve it - small business and taxpayers. Their investing and spending of that extra money is what fuels the economic engine that creates jobs to get America out of this mess. [more...]
This is a warning to those in Congress who want to raise taxes, not cut spending. In 1984, Cong. Newt Gingrich called Sen. Bob Dole, a “tax collector for the welfare state.” That phrase resonated with the Republican faithful and ultimately led to GOP control of the House of Representatives. The “Contract for America” was the culmination of years of labor by supply-side advocates who argued that dropping tax rates would lead to economic growth. The supply-side movement had its day and now the U.S. faces budget deficits - and Obama Administration’s regulatory policies - that threaten to destabilize the American economy, reduce employment and increase inflation to levels that led to the collapse of the Weimar Republic and launched Adolph Hitler’s murderous career. [more…]
The United States of America is on the verge of national bankruptcy - in reality if not technically. The printing press can - for a while - disguise how insolvent we are becoming. But we are indeed headed in the direction of Portugal, Ireland, Greece, Spain and other governments, which are broke. We have maxed out our national credit card. A $14 trillion national debt - which requires a one trillion dollar annual interest payment - is a national disgrace. And you can thank both political parties for it. Yes, the Republicans are as equally responsible as the Democrats for thirty years of profligacy. [Go here to read John's ideas on how to solve the problem...]
In the old America known by my father and grandfather, small business owners were “preferred customers,” metaphorically wined and dined to create jobs and keep us in business. But in Obama’s bizarre world of progressives, socialists, unions, and big government, we’re demonized as evil and greedy, singled out for punishment, and targeted. The harder we work, the more we succeed, the more they want to steal our money and redistribute it to others who don’t want to work as hard, or don’t want to work at all. Some of these people collecting entitlements, welfare, food stamps, aid to dependent children, free meals at school, housing allowances, free medical, and free education, aren’t even in the country legally. Small business owners like me are asked to pay for it all, yet we receive nothing in return. The system isn’t working anymore. It’s backwards: it does everything for the people who expect everything from government, and nothing for the people who pay for everything. President Obama and his progressive, big government, socialist cabal are involved in a conspiracy to ruin small business, steal our money (they call it “redistribute”), and destroy our lives. [more...]
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