Bankrupting America
Bush and the GOP failed to stand and deliver on fiscal conservatism. As a result voters didn’t vote GOP because Republicans didn’t do what they said they would. Now, instead, we have unrestricted fiscal liberalism: tax, spend, and control.
But is this the policy that Obama got elected on? A tax cut for 95% of all Americans? Conservative fiscal discipline? Cutting the deficit and outlawing earmarks? Already in the first 50 days this is nothing if not a trainwreck of lies and broken promises.
- The ‘tax cut’ is estimated to actually be $13 extra a week from changing the withholding tables not the tax rates — meaning that it is not actually a tax cut if you’re still paying the same rate.
- A trillion dollars of increased spending in the first five weeks alone with more spending to come.
- Budget increase to $3.6 trillion dollars in the first year of office.
- A trillion dollars in tax increases.
- No earmarks ‘next year’ as Obama signs bill with 9000+ earmarks
- Federal takeover of Healthcare…
pic stolen from gatewaypundit!
Some argue that capitalism itself has failed and free market ideology is the problem. Hence the Obama Solution: tax, spend, control. Repeat.
Higher taxes not just on the wealthy but on everyone and everything. Notably energy.
Republicans had one chance to turn back the tide of tax and spend policies but failed to seize it. Republicans controlled all three branches of government. Did they follow through on their platform? No. They compromised. They may have slowed the growth of government in comparison to the extent that Democrats would have but in the end will anyone note this?