Quote:
Originally Posted by dogzilla
My taxes went down a small amount. However, government spending and borrowing went way up. At some point, interest rates and inflation are going to go up because of this or places like China are going to stop lending us money because our debt to GDP ratio is too high. All of the stimulus spending has had very little effect. Unemployment is still a mess. The housing market is still a mess. Credit markets are still messed up. The only thing that seems to have recovered significantly is the stock market. Obama's instituted so many government giveaways that I wonder why I even bother to work any more. I would have been better off to heavily mortgage my house, hide the money somewhere and let Obama bail me out.
I don't believe for a second that I can ever borrow my way to prosperity, and neither can the US government. Obama is digging a very large hole to bury the US.
As far as the health plan, well, it's only been a couple days since it's been signed and I've already read about three large companies cutting health care plans. I can hardly wait to see what my employer does when my insurance comes up for renewal and how much that is going to cost me.
By the way, I compared my taxes a few years after Bush was elected to what they were when Clinton was president and my taxes went down then too.
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As mentioned before, the "hole" Obama is digging is much, much smaller than the hole Bush dug. The problem is that the hole Bush dug will only really be visible in the future because they are mostly unfunded mandates that make the deficits under both Bush and Obama seem like child's play. Which is why the complaints about tax increases, or, as in this thread, ending subsidies, cannot be reconciled with a view that cares about deficits.