Obama’s path of economic destruction: The race against the clock

President Obama, in a moment of insanity, stated emphatically that
wealthy people want to pay more taxes; it’s just that our government
hasn’t asked them to.

He went on to say that rich people like himself don’t need any more tax cuts.

Many would agree with you, Mr. President, if all of their necessities were provided for by the taxpayers.

This man is so out of touch with reality, he has no concept of what life
truly is for everyday people. To believe that someone who makes
$200,000 annually is rich is preposterous. By the time Uncle Sam takes
his share, at best you’re left with $135,000. Also, what about your
mortgage, kids, healthcare, food and bills? Many universities now
consider annual family income of $200,000 eligible for financial aid.
They recognize that this salary level doesn’t provide a family with much
discretionary income.

Is our president that naive, or his he intentionally hell-bent on destroying our nation?

Anyone with a modicum of economic sense would know that with our extraordinarily fragile economy, raising taxes is a nonstarter. We know that when taxes are lower, income to the federal government increases. Now we have a situation where our deficit is so large you can confiscate 100 percent of what the rich have and it wouldn’t put a dent in our debt crisis.

Therefore Obama’s proposals are idiotic and make no sense. Taxing can’t and will not solve the problem and will only exacerbate the growing debt. Either our president is too naive to understand simple economics or he’s smart enough to understand how to accomplish his goal of permanently damaging the American economy. Both scenarios spell doom for our once-great economic engine.