Tomorrow, thousands of Americans across the country will organize on Tax Day to protest the tax, borrow, spend and bailout policies of Washington. Whether large or small, these demonstrations will all have one message in common: Enough! Over the past three months, Americans have seen an already out-of-control government spend their borrowed dollars as if a trillion dollars is a drop in the bucket. After the bailouts that put the White House at the head of a number of major corporations; after a stimulus bill that the Congressional Budget Office …
According to the Tax Foundation, today is Tax Freedom Day: That means Americans have worked about three and a half months of the year, from January 1 to April 13, before they have earned enough money to pay this year’s tax burden at the federal, state and local levels. Thanks in part to both President George Bush’s tax cuts and President Barack Obama’s temporary tax cuts, this year’s April 13 Tax Freedom Day is the earliest it has been since 1967. But do not celebrate yet. The Tax Foundation also …
DON’T BORROW, SPEND, AND TAX AWAY OUR FUTURE The President’s Plan Blames Bush: President Obama correctly points out that he inherited a projected $1.2 trillion deficit in 2009 from President Bush and a Democratic Congress. However, his budget adds an additional $659 billion to that deficit, pushing it above $1.8 trillion. Although Obama has pledged to reduce the budget deficit to approximately $600 billion by 2012, that would still be $150 billion above pre-recession levels. Quadrupling the deficit and then cutting it in half is not “change.” Increases Spending, Again: …
A grassroots movement gaining momentum across America, and refusing to be knocked down by administration hit jobs, is calling for President Obama to do something besides spend money. The furor, originally voiced by CNBC reporter Rick Santelli on the floor of the Chicago Board of Trade, is directed at government policies that reward individuals and companies who made poor decisions with taxpayer money: “Enough housing bailouts, enough bank bailouts, enough bailouts for everyone who took risks that didn’t pay off. People who played by the rules and paid their own debts …
