Freedom and free markets are tied together, but Congress is messing with what makes America work, what gives us our wealth of choices--this time they're spending not just like drunken sailors but endangering our future and our children's with red ink as far as the eye can see. The Pirates of the Potomac are insatiable:
A perfect example of this process can be found in the Sunday edition of The Washington Post, in the story "Murtha's Earmarks Keep Airport Aloft." The Post reported that John Murtha, D-Pa., using his powerful position on the House Appropriations Committee, has steered $200 million of federal funds to support the John Murtha Airport in Johnstown, Pa. Most voters have never heard of this airport and pay little for it. But passenger traffic is down by half in the past 10 years, even though the congressman uses it frequently. One could only wonder what would happen if all Americans were allowed to vote to continue funding this facility. But that's not the way the process works.
This is why government will tend to grow in excess of what a true democracy really wants. At least, it will grow until those $15 hits accumulate to such a level that people have finally had enough, and in a seemingly spontaneous eruption, the average voter finds the energy to fight back.
Crushing taxes are inevitable for everyone unless we fight back now:
Don't we know it. These are scary times. But we've got to hold on to common sense--we can't spend our way to prosperity, not in our family, not in our government. The government is eventually going to just start printing money to cover these debts--inflation will pirate our savings away. We will be slaves to big government, and it won't stop with us, our children and even our grandchildren will be crushed with paying it all back. No, no, a thousand times no!Here is an interesting set of facts. If the government increased the top tax rate from the current rate of 35% to 100% (yes, that's right 100%), it would only collect an extra $400 billion this year. In other words, confiscating all the income that is currently taxed at 35% would not raise enough revenue to cover any of the annual deficits projected in the next 10 years. There is no way that tax hikes on the rich alone can pay for proposed spending in the current budget.
In addition, state and local taxes are going up, with at least 10 states planning on hiking taxes. And promised future spending on Social Security and health care must also be paid for.
We value our freedom--fight back.
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