My grandpa Oerter told me I should be happy to pay income tax, because for a few years, he made no money and paid no taxes, and it felt bad.
When I wrote out my check to the Internal Revenue Service in April, I was not laughing.
When Grandpa died, about 1984, 85 percent of Americans paid some federal income tax. This year, only 51 percent paid the federal income tax.
That’s not good, because the non-payers have no real incentive to reduce federal spending. This leads to unhealthy situations, such as the Obama Administration.
President Barack Obama’s plan is to keep spending a trillion more than we can afford until we end up like Greece.
Obama has presided over the first ever downgrade of the U.S. credit rating. We cannot survive four years more of Obama democracy.
On democracy, Alexis de Tocqueville observed, “The majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.”
Put in modern terms by Ted Nugent, “As we continue to slide further into the big government abyss that our founding fathers warned us about, we must either reverse course and embrace the ideals of freedom and limited government our founders envisioned, or we choose big government unsustainable debt and ultimately, tyranny.”
The next time you see a democrat’s ad showing Grandma being thrown off a cliff, remember it’s Obamacare that will steal $500 billion from Medicare, bring us 20 new taxes and set up boards like IPAB to ration care.
It is now obvious Obamacare will cost over $2 trillion, not the $900 billion that Obama promised.
When interest rates go up, and they will, the ability to borrow and spend will be gone. Then, all government checks will stop.
Is that any way to treat Grandma?