What a relief. Now that April 15 is out of the way, my tax rate is back to zero for another year."To say otherwise is like saying you got your new swimming pool for free because you put it on your credit card." This philosophy, of course, is what got us into this mess.
At least that’s the way the President of the United States seems to have it figured—your tax burden, according to him, is measured by what you’re paying right this moment as opposed to what you’re obligated to pay in the future,
That’s the only possible interpretation of his statement last night that Tea Partiers (and others) should be thanking him for cutting taxes. The reality is that President Obama, like President Bush before him, has rather dramatically raised government spending and therefore has raised your taxes. To say otherwise is like saying you got your new swimming pool for free because you put it on your credit card.
Once the money is spent, the bill must eventually come due—and there’s nobody around to foot that bill except the taxpayers. We are locked into higher current spending and therefore locked into higher future taxes. The president hasn’t lowered taxes; he’s raised and then deferred them. To say otherwise is—let’s be blunt—a flat-out lie.
I suppose I should not be surprised that His Imperial Majesty Barack Hussein Obama I does not "get it", but the Tea Partiers do. Nor that Slick Willie a) has to stick his oar in, and b) does so by cautioning against "extremist rhetoric."
Then again, to the likes of Obama, Clinton(s), Pelosi, Reid, et alia, governmental frugality is a pretty extreme concept...