On January 1, 2011, Democrats will knowingly institute a $3.8 trillion tax increase on American taxpayers and small businesses. In this economy, tax increases like this will only serve to stifle the creation of American jobs because of its punitive effect on small businesses.
The Democrat's Spending Spree
When you woke up on June 30, you may not have realized that you were waking up to a historic day. However, this was not a day that marked American achievement, innovation, or recovery. It was a morning that witnessed a $166 billion single day increase in American debt. That would be the third largest deficit hike in American history and, shockingly, we reached this extraordinary mark in just two years of wanton, unchecked spending initiated by President Obama and carried by this Congress.
The Stimulus Masquerade
Would it surprise you to learn that as of right now job losses have returned to their pre-recession levels? Would it also surprise you to know that, in the 2001 recession, employers cut 3.1 million more jobs than have been lost at the same point in the current recession? Both are true and the question I’m sure most of you have right now, is ‘how is that possible with unemployment numbers still so high and potentially rising?’ The answer lies in what the current administration and Congress are not doing this time around.
A Budget Boondoggle – Livable Communities?
Yesterday, the House Budget Committee bestowed yet another one of the coveted “Budget Boondoggle Awards” on the Obama Administration and, as I suppose there won’t be any acceptance speeches made at the White House, I thought I’d share the news with you.
At a Loss
Today, President Obama convened the first meeting of his ‘Fiscal Commission.’ The commission, according to the White House’s website is tasked with “…identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run.”
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