President Obama is putting the finishing touches on an ambitious first budget. He wants to cut the federal deficit in half over the next four years. Mainly by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan.I wasn't an Economics major. But I do know that if you increase the taxes on the rich, it is going to affect the middle class in a negative way.
A wealthy business man spends money. He takes his wife out to dinner & a show. He travels all over the world on his private jet to meet with clients to keep his business alive. He celebrates holidays like birthdays & Christmas like many people. If he is going to pay more for taxes it is going to affect the middle class.
Here's how. He doesn't have the money because it has been taken from him. He will not fly on that private jet. Therefore, not needing a pilot=lost job.
The business man isn't meeting with clients because he he is no longer flying, decrease in clients leads to company layoffs.
No money to take the wife out to dinner & a show. No need for a car service, therefore the car service is loosing business along with the entertainers.
I can go on & on. Hopefully, you get there concept. I know you do because you probably a Conservative if you are reading this blog. It is the left wing nut cases that just don't get it. Are mission is to spread the info & educate them. Show them that the Anointed One that they chose has no clue what he is doing to Our Country. The Country that our Founding Fathers fought so hard for to make it a wonderful place to live.
