Home > Quote of the Day > Quote of the Day: August 4, 2009

Quote of the Day: August 4, 2009

Today’s quote comes from the man who was somehow elected President, Barack Obama.

I will cut taxes – cut taxes – for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.

We all know this is a lie, they’ll tax for healthcare reform. Bailouts, Cash For Clunkers and all of these other wasteful programs do nothing but levy more taxes onto the people who can least afford them through the hidden inflation tax. It’s not a secret that the cost are coming back around to those 95% of working families. The funny thing about the quote though, is not the lie that is told, but it’s the fallacy of the last part of it. No one wants to raise taxes, hell most of the taxes the people pay should be done away with. But you can’t continue to drastically increase the size of government, create new departments, appoint “Czars” to oversee everything, run an empire and continue to spend like crazy without raising taxes. They’re trying to pass off something for nothing, and most people can see through it. Look at the debt already, you can’t increase spending and try and do all these different programs while lowering taxes, because where the hell do you get the money to pay for it? You borrow it or just print it, either way it’s piling on more debt and further screwing the people (those people who they claim to be helping in particular)… the opposite of what you want to be doing “in an economy like this”, but that’s something Keynesians just don’t understand.

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  1. Salty
    August 4, 2009 at 6:46 PM

    You — and those of your ilk — are a joke … and the $660+ billion that has been spent to destroy Iraq? And NOW we will continue to pay to CLEAN it up?? Please, the “cash for clunkers” program is the most direct stimulus this country has ever experienced. Those who haven’t been able to afford to upgrade to a more fuel efficient (less polluting) vehicle are getting assistance, and those vehicles are off the road. I love those fools who are PROTESTING outside car lots about the “government handouts” over the $1 billion (possibly 3 billion) who have been absolutely SILENT over the squandering of lives and resources in the Middle East.

  2. G.L. Smith
    August 4, 2009 at 7:54 PM

    Well, first off, you’re absolutely right about spending in the Middle East. I’m not a supporter of the Iraq mess or the Afghanistan mess, I think our troops ought to come home from those areas and indeed all 130 countries that we have bases in. I’m also completely against handing out money to foreign nations and subsidizing their programs. So you’re right there, that spending is a problem and indeed a bigger problem. I want to see spending drastically cut, and I would prefer it start with ending our empire and changing our foreign policy to one that actually makes sense and serves America’s interest. But since those policies and government waste have been in place for decades, and neither of the two parties care to end it whatsoever, we’re stuck with it (until enough people with sense get elected).

    So then the problem gets more stuff added on top, in the form of both new foreign adventures/expenditures and new domestic programs. Now if we didn’t spend close to a trillion dollars a year maintaining an empire and didn’t have trillions upon trillions of dollars of debt, and ever rising unemployment, a wasteful program like “cash for clunkers” might could be halfway tolerated. As is, it’s nothing but waste on top of a never ending pile of waste, and no, that isn’t stimulating the economy. You aren’t going to stimulate the economy by printing and injecting more money, it just trickles back down as inflation. That’s not even taking into consideration the fact that this program is getting rid of cars that are perfectly fine used cars that are cheap on the market, and thus affordable to poor people.

    Broken windows…

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