Federal spending was $24,000 per household when G. W. Bush left office. The Heritage Foundation calculates it would increase 50% to $36,000 if Obama’s programs become law. I trust you have enough set aside to cover this liability. Please keep in mind it is not a one time payment, it is every year.
Ok, so you don’t have that kind of money. But the government’s bills must be paid. Now aren’t you glad there are rich people and corporations who are paying more than their pro rata share?
Imagine yourself as director of something or other at Goldman Sachs. The boss comes into your cubicle and hands you a check. It is your million dollar bonus. You thank him, then, crass Wall Streeter that you are, you look at the check. It is for 530K. The boss explains the rest is already on it’s way to the federal, state and local tax collector.
So just a little more than half of your bonus is yours to spend on groceries, yachts, investments and charitable giving. You do all three. Obama thanks you for spending. It helps the economy. He is silent about your investments. He reduces your tax break on the charitable giving, explaining that the government is there to help. Private charities only diminish the role of government. Not good, says the President.
Bob B
RANDOM THOTS 