Posted by
Michael A. Minton on Monday, March 17, 2008 3:11:54 PM
Well, all I can really say about the latest economic news coming out of Washington is that I hope all the folks that voted in a Democrat House and Senate are happy with their new tax hikes. For they are about to see “the single largest tax increase in the nation's history” according to an article from CNSNews.com entitled “Congress Says Yes to Tax Hikes,” quoting House Republican Whip Roy Blunt.
Last week the House passed a budget blueprint that will raise taxes for all taxpaying households earning over roughly $32,000.00. The House and Senate both voted against making the Bush tax cuts permanent. In my judgment, they are missing the big picture in doing this.
I realize that the economy is currently tanking. Believe me, when it costs me $50.00 fill the gas tank (and no, I don’t have an S.U.V.), I feel the pain of a near-recession. However, I also remember that it wasn’t long ago that the Dow was at a record high. Remember that? Apparently, Congress does not. At least, not the Democrats.
Look, we are in the middle of two battle-fronts in the War on Terror. Iraq and Afghanistan are costing huge amounts of money. I know this. I also know that this will not last forever, and that you can’t solve national economic problems by raising taxes. Presidents Reagan and Bush forty-three have both shown us that the economy can actually improve with lower taxes.
The “trickle-down economics” of the Reagan administration proved that lowering taxes on those who actually create jobs helps to bolster their confidence, and encourages the creation of more jobs. The more jobs we have, the more income the federal government can generate. And the more jobs we have, the fewer the people that are on welfare, unemployment, etc.
This point seems to just go right over the heads of Democrats. And if they were honest about it, Democrats would tell you that they really don’t want to create jobs. The Democrat ideology is the fewer jobs we have, the more people must depend on the federal government to meet their basic needs. And the more people must depend on government, the more secure congressional jobs are.
It is a vicious cycle that keeps people in poverty, and offers Democrats job security. Conservatives believe in allowing, and really forcing, those who are capable of being self-sufficient to do so. The liberal mantra is just the opposite. The true way to get ahead in a liberal world is to have another baby so you can collect more money off the federal dime.
I know that sounds illogical, but it’s true. As I point out in my book, “Mr. Right Opinion-Unplugged and Unashamed,” which will be coming out in late April/early May, and will be available at: http://www.51756.authorworld.com/, the proof is in the pudding. Just look at an excerpt from the book, in an article entitled “Conservatives, Liberals And Welfare Reform:”
“Firstly, though, in order to see the truth on this issue, it is imperative to realize, and accept, that welfare reform is mostly the responsibility of Congress. While the president can sign or veto all legislation, it is ultimately Congress that crafts the laws which either move us forward, keep us stagnant or send us spiraling downward.”
From 1970-1995, poverty rates in this country remained high, and the welfare rolls continued to swell. And although they controlled Congress during all but three years of that period, Democrats did nothing to improve this situation by reforming the welfare system.”
In 1994, in what has been dubbed ‘The Republican Revolution,’ Republicans wrested control of both houses of Congress from the clutches of the Democrat party. This marked a new era in the annals of American legislative history.”
From 1994-1996, Democrats in Congress opposed this legislation. Eventually, however, half of congressional Democrats capitulated and the act passed. (Then) President Clinton, having already vetoed two previous versions of welfare reform and facing a reelection bid, signed the act into law.”
The results of the Republican-led reform proved that the conservative ideology was the true way to improve economic conditions for the impoverished. The reforms resulted in lower welfare rolls, higher employment for single mothers, and the lowest poverty rates for single mothers and black children in U.S. history. Yet Nancy Pelosi and her ilk want to return us to the “good old days.”
This reasoning defies all logic. Will we never learn from history? As the saying goes, those who do not learn from history are bound to repeat it. And it looks as if we are in repeat mode.
The budget proposed by House Democrats last week will ‘foist a $683-billion tax hike on American families to fuel the Democrats' ‘reckless spending agenda,’ Blunt complained,” according to the CNSNews article.
While Pelosi maintains that the Democrat-proposed budget “values families and their economic future,” it is hard to believe. If they really valued families and their economic future, they wouldn’t be raising taxes on families that earn just $32,000.00 per year. Her rhetoric is absurd.
Another interesting little tidbit about this Democrat-controlled House of supposed Representatives is that the liberal House Democrats rejected a Republican-sponsored plan to place a one year moratorium on earmarks, a.k.a. “pork-barrel spending.” Now isn’t that interesting? Democrats say that Republicans are wasting money, and they are, yet the Dems won’t agree to forego pork barrel projects for one single year.
Further complicating matters is the fact that House Democrats want this 683 BILLION-dollar tax hike, and still they offer nothing in it to address the problem of Social (in)Security and Medicare insolvency that is looming large in the not-so-distant future. Hey, Nancy, what exactly are you all solving up there?
On Friday, the Senate also voted to raise taxes on the majority of Americans, while also shooting down a moratorium on earmarks. While Republican presidential candidate Sen. John McCain (R-AZ) voted for the moratorium, Senators Clinton (D-NY) and Obama (D-IL), both of whom are running for president, voted against the moratorium, and thus for more wasteful federal spending.
Live it up, those of you who voted this Congress into power. And “ask not for whom the bell tows, for it tows for you!”