July 26, 2011
President Obama has conceded in a speech on July 25, 2011, that U.S. government spending is out of control. However, he said the money went for tax cuts, two wars, and prescription drugs. He forgot to mention the $800+ billion he threw away on a so-called stimulus plan (which failed). A $trillion more in debt will be incurred from his ill-conceived health care plan, due to his fiscal incompetence. The president has said recently that we need to behave like grown-ups, relax our rhetoric, roll up our sleeves, and work together. He then stomped out of meetings he held with Republicans and blamed them for the nation’s troubles. So much for following his own advice!
Our partisan-in-chief never conceded an inch during this deficit debate. It’s always their fault. Evil rich people make too much, he’s said. They won’t carry the load. However, he didn’t mention that the wealthy already pay the majority of taxes in this country. They create jobs. All right, not every rich person, but some do it indirectly. Rich folks don’t save money like we do. They don’t use a savings account for most of their money. Instead, investment vehicles are used. Believe it or not, most – if not all – do it this way. Even those we believe are sponging off their mommies and daddies. So, they are responsible for most of the investments made in our economy. Take their money, and most likely, you take one of our jobs away.
The wealthy are not always our heroes, I get it. Some spend foolishly, as our perception would have us believe. $750 on a pair of shoes disgusts most of us, and the gut reaction is to hate the idiots for it. But, realize where their money goes. Their extravagance pays for part of someone’s job in the shoe store. Or, $900 on a single seat at Yankee Stadium might pay for just one more vendor. The $70,000 automobile purchase could help one car salesman keep his job a week longer. Think about what good things a $20-$50 million private jet purchase can do for someone. Let’s not be jealous, let’s be thankful.
When President Obama says he wants to make millionaires and billionaires pay their fair share, let’s remember - he’s talking about those who make $250,000 a year or more. Those from that group making less than $1 million a year are NOT millionaires, so who’s he talking about? One day it might just be you!
Keywords: Conservatism, Conservative blog, Mark A. Cohen, From The Left to the Right, President Obama, Debt Crisis, Deficit Debate, Rich People, millionaires and billionaires
Keyword Phrases: "Conservatism”, “Conservative blog”, “Mark A. Cohen”, “From The Left to the Right”, "President Obama”, “Debt Crisis”, “Deficit Debate”, “Rich People”, “millionaires and billionaires”
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