| Government Spending Brings Neither; Keep Taxes | | | | card than actually help the economy. That's why |
| Low Instead | | | | it's going to get a lot worse around here before it |
| I've noticed an interesting trend lately in U.S. | | | | gets any better, and why I heartily suggest |
| national politics: Republicans manage to look and | | | | preparing for an economic storm unlike any |
| sound stupid while saying smart things, while | | | | you've ever seen. Get a real financial education |
| Democrats look and sound smart while saying | | | | (unlike those offered in schools and universities), |
| stupid things. | | | | think about starting your own business (to reduce |
| This weekend, President Obama (who seems to | | | | your dependence on employment by others who |
| find doing his job much more difficult than | | | | are unlikely to know how to manage their |
| campaigning for it was) gave another interview to | | | | businesses through the coming depression), and |
| a sympathetic member of the liberal media. During | | | | stay healthy (because quality health care may |
| this interview, he indicated that wealthy | | | | become impossible to find at any price). |
| Americans such as Warren Buffet (whom the | | | | If a real journalist had been conducting the |
| president named as an example) do not need tax | | | | weekend interview with the president (not that |
| cuts. You see, there's some support for the | | | | he would've then granted it), he or she might |
| notion of extending the 2001 and 2003 tax cuts | | | | have asked a real question. For instance, when Mr. |
| (commonly referred to as the "Bush Tax Cuts")... | | | | Obama asked what someone like Warren Buffet |
| and the president doesn't want to do that, at | | | | would need with a tax cut, a real journalist |
| least not for "The Wealthy." | | | | might've come back with "Yes, Mr. President, but |
| However, what everyone including the president | | | | does someone like Mr. Buffet need a tax |
| knows is that keeping taxes low is the only | | | | increase? How would that help?" |
| appropriate government intervention in a | | | | Would a tax increase inspire him to create more |
| down-sliding economy. Government cannot spend | | | | business and wealth, or to export his investment |
| the country back to prosperity. "The Wealthy," | | | | dollars? |
| though a popular target, are the only group of | | | | Would a tax increase help him create more jobs? |
| Americans who can actually invest in businesses, | | | | Or might it actually discourage employment? |
| create jobs, and grow the economy. And lowering | | | | Would a tax increase put more people on the |
| taxes actually increases revenue to the | | | | tax-paying rolls, or would it actually take |
| government by creating millions more taxpayers. | | | | taxpayers away? |
| But the current administration, along with | | | | But no on asks this president such questions.by |
| Congress, would rather play the class-warfare | | | | Michael D. Hume, M.S. |