President Obama: Higher Taxes Means Less Federal Spending … ?

April 20, 2011 19:42

Illogical? May be not. Obama and the Dems have repeatedly referred to? tax rate reductions as “expenditures.” Apparently, all income belongs to the Federal Govt. and allowing us to keep any? is a government expense. By that logic, increasing revenue would reduce spending. The real problem with Obama is not that he thinks increased tax rates would reduce spending but that he believes the Federal Govt. has a fundamental right to confiscate as much of our earnings as it desires. Or it could be that he’ll say anything to get reelected.

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