This administration, the president and the Democratic Senate told us raising taxes on the rich would: 1. Prevent the fiscal cliff. 2. Help eliminate our yearly $1 trillion-plus deficit. 3. Bring down our over $16 trillion debt. With no spending cuts and no budget for more than four years we will have more tax money but no limits on spending.
Now this same administration is talking about a national sales tax or a value added tax for all of us. Again more money – no spending cuts.
Soon this administration will want to raise the debt ceiling so we can borrow more money from China, in order to spend more money.We now spend about 50 cents of every dollar borrowed to pay off the debt plus interest.
Maybe we should annex China then we could have all their money.
- Richard Tudor, Merrillville