Wednesday, November 28, 2012

President Obama refocusing our financial situation

President Obama refocusing our financial situation

By Armstrong Williams - 11/28/12 07:19 AM ET

I want to extend my congratulations to President Obama and the Democratic Party for being able to successfully shift the focus from fiscal responsibility to taxing the wealthy and entrepreneurial class. 

If we look at this situation purely on the surface, raising taxes on the job creators and the financially successful seems to be a viable solution, especially for the people who do not fit into those categories. Because of human nature, we are wired to think that it is right to “take his” and “not mine.”
Unfortunately, raising taxes on business owners and the wealthy does little or nothing to alleviate our rapidly approaching insolvency. The only thing this solution does is give us a “feel-good” instinct that we are trying to do something, when in reality we are just pushing off the issue at hand while it stays the same or gets worse.
It’s like a college student who procrastinates on a paper by doing laundry. While the student may have clean clothes at the end of the laundry cycle, the paper still needs to be written before deadline.
We will eventually be forced to deal with the real issue, be it Republicans, Democrats or independents. Like the college student, who will be held accountable by his professor for how well he does on his paper, the people will hold President Obama and the Democratic Party accountable for how well he fixes our financial situation.
The sooner we realize that our biggest problem is over-spending, as opposed to under-taxing, the sooner we restore our nation to a path of prosperity.

1 comment:

Anonymous said...

From what I've read, there is no way that taxing people right now is the smart thing to do. As a matter of fact, right now with this "healthcare" mandate forced on businesses, a lot more people will be losing their jobs. Taking from the rich to give to the poor is a dumb idea, when you are taking from the job creators who are helping the populace to have money for shelter, food and gas, etc. Obama is a rank amateur with no skills in job creation, and without job creation, there should be no taxing people. That just isn't sensible, period. I think it's time for Obama to step aside and let a REAL MAN step up to the plate....Erasmus of America would be the one who could absolutely transform and fix all this silly foolishness going on with the economy and in this incompetent government that is trying to run America into the ground.