Gutting America
For fun and profit. Tax and spend is literally killing this country. Bruce Kesler, writing at Maggie’s Farm looks at why:
It’s not just California, or New York City, but throughout much of America today that we’re seeing the hollowing out of the infrastructure and services and opportunities that built America’s uniqueness and success compared to the rest of the world. And, big-government advocates are clamoring for yet higher taxes. The New York Times reports today that “Faced with anxiety in financial markets about the huge federal deficit and the potential for it to become an electoral liability for Democrats” the White House and congressional Democrats are seeking some way to reduce the huge federal deficits they have created, and that more taxes are their prescription.
Government workers and their unions are prime beneficiaries of our heavy taxes. Most of even the made-up stats recently released about jobs saved or created by the federal appropriation of the near $1-trillion “stimulus” show relatively few and most of those among government workers.
Please go read the whole piece. It’s well worth your time.
More and more state governments are in serious trouble because of out of control spending. They only lag behind California by a few years. Commenter crosspatch is being perfectly reasonable in his fear that the clowns in Sacramento will eventually decide to “borrow” even more from the taxpayers. Eventually, they won’t bother paying it back.
And, surprise! The Democrats in Washington are plotting to raise taxes even higher. That would be on top of raising taxes for health care “reform” and raising taxes for “energy reform”. They’re spending the money already, just in case.
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By gary gulrud, November 2, 2009 @ 12:23 pm
“More and more state governments are in serious trouble because of out of control spending. They only lag behind California by a few years”
Bang on. Someone has shown revenues cannot exceed 20% of GDP for any period without reducing GDP. At some point people will take much of their activity off the books as well.
Government is about to hit the wall, with out without the voter.