Tuesday, August 4, 2009

Who do you think will be next?

An Associated Press article yesterday is another example of what President Obama has in store for “Joe the Plumber” and other middle-class taxpayers. Two of President Obama’s economic advisors recently said middle-class taxes might have to increase to shrink the budget deficits that will be created to pay for his misguided health care overhaul proposals if they become law.

U.S. Treasury Secretary Timothy Geithner recently said that the White House is not ready to rule out a tax hike to reduce the federal deficit while National Economic Council Director Lawrence Summers said that President Obama’s proposed health care overhaul needs funding from somewhere.

So now the American public knows the economic truth that money doesn’t grow on trees, and that their President Obama’s campaign pledge of “you will not see any of your taxes increase one single dime” was just another politician fib to intoxicate those whose votes he was seeking.

Of course the chief executive blogger at Pierini Fitness was not one of those who got drunk “drinking” the President’s “fool’s gold” promises during the Presidential election or his political rhetoric since becoming your newly-elected President. My last thoughts on this was the topic of this recent blogflection: You are going to be rich!

So the truth is slowly emerging as I sport an “I told you so” cyberspace-look that you are going to be rich. Guess what, I don’t believe the cost of all the socialism spending ideas of President Obama can be financed by middle-class tax increases on Joe the Plumber and other middle-class taxpayers like you and me. So after the wealthy and middle-class taxpayers have been taxed to their max, who do you think will be next?

Pax Domini sit semper vobiscum

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