Long and rambing
You guys have heard that the economy is cyclical in nature? And I would assume that you all know that the actions of the President, however limited the real effects of his policies are on the economy, take time to have an impact?
I remember Clinton enacted the largest peacetime tax increase in US history in '93. Tell me again how taking money out of people's pockets boosts the economy? Yeah, I know, the Federal government spends the revenues and this "boosts" the economy. Yes, the enormous and incredibly "efficient" Federal bureaucracy spends other people's money wisely. Yes they do. And they can spend it so much more wisely than the average Joe could ever hope to because they're the government and they're never wrong.
I know... I know. We have a massive Federal deficit and it's growing daily and that's a bad thing. Bush gets punched in the nose daily for it, doesn't he? We have staunch defenders of right and good like Ted Kennedy demanding an accounting of every dollar being spent on the War on Terrorism. Yet Ted is strangely silent on the where the dollars go when it comes to Education spending.
Did you know that the Feds spent $745 billiion on education in 2002? Bush and Kennedy increased that figure by $11 billion last year. Yet, he is constantly criticized for not spending enough on Education while simultaneously assaulted for running up a deficit. Which is it? What's the real issue?
I'll tell ya what the real issue is. It's election year politics. The Dems don't give a damn about the deficit. They just want to give Bush a black eye. They're angry that more money isn't being spent to buy them more votes.
In '89 the Federal budget was about $915 billion. In 2003, it's $2. 2 trillion. Can you say out of control spending? I don't know about you guys but I'm tired of paying for the vote buying schemes of both parties.
Let's all remember though that all taxes are eventually paid by the retail consumer. Call it "hidden costs" of production. So scream for "more taxes on the rich" all you like. You're just inflicting more pain upon yourself in the long run. Like it or not, the rich make the rules. They'll get by regardless.
Interestingly enough, 9 of the 12 richest Senators are Democrats. So yes, they're looking out for the little guy, aren't they? You bet they are.
Sorry, but I just can't get into the income redistribution schemes hawked by the Left. Just ain't right and it certainly is not what this country was founded upon.
Ayn Rand was right about so many things.
Tim
Shrug Atlas Shrug!
