Monday, September 19, 2011

More Lies From President Obama

President Obama is a liar. The ruling class in Washington, Democrats and Republicans alike who say we can not lower the deficit with out revenue enhancements, which means tax increases are liars. All they wish to do is legally through the tax code, steal from you and redistribute your money to their favorites. Any one in Washington who tells you about billions, trillions, quadrillions, whatever, in spending reductions that will occur after this present congresses term expires is a bold face liar.

No reduction after this term will ever happen. Never has, never will. However the tax increases are immediate, as always. When you hear the term "millionaires and billionaires" read that as people making $200,000.00 plus and above. That's where the money is. You can close the loopholes on oil and corporate CEO's and that is about 60 billion dollars. The real loopholes that are on the cutting board are home mortgage and charitable deductions. That is about 400 plus billion dollars. As I said, that is where the money is.

Even if you take all the monies of people making over one million dollars a year, and you can only do that once, after that there is nothing left, it will run the government less than two months. This proposal as the President has laid out is class warfare and redistribution. It is you they are after. To run for election, the President and the ruling class will need the monies from the actual rich. Make no mistake, they will be protected. Their wealth will be secured.

When you are told that Warren Buffett pays less income taxes than his secretary, that is a lie. On his income he pays the highest rate. It is his capital gains, the profits he makes on his investments that is taxed at 15%. Those monies he invests have already been taxed at the highest rate. Buffett is a liar. In fact he has not paid his fair share on income taxes since 2002. The IRS says he owes billions since that time. Buffett has taken the government to court because he, like anyone else wants to pays less on his income. Not only is Buffett a liar, he is a phoney also.

No, the answer is reduction in spending. it is the only answer. However the President and the ruling class in Washington will not do that. They all want your money so they can spend it. Both parties are equally guilty is trying to con you out of your money. Spending is the problem. Getting it under control is the answer. Anyone who tells you it is lack of revenue is a damn liar. This is my opinion, you may beg to differ.

Anthony J. Bazzo

The opinions expressed by freelance contributors to PennySaver Community do not necessarily reflect those of PennySaver Community or its parent Chase Media Group.

To read more Bazzo, go to PennySaverCommunity.com, where you can submit responses to his opinions and post your own comments.
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09/19/11

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