It's Our Money Mr. President

Idaho Conservative Blogger (ICB)

The battle over preserving the Bush tax cuts or allowing them to expire at the end of the year is in full swing. Recently in Ohio President Obama said the country can’t afford to extend tax cuts for the wealthiest Americans. He called for tax cuts for middle-income workers and to let rates rise for higher wage earners, those earning $200,000 per individual or $250,000 per couple.

The President said, “People are frustrated and angry and anxious about the future, I understand that. I also understand that in a political campaign, the easiest thing for the other side to do is ride this fear and anger all the way to Election Day.”

He then took a swipe at the Republican Minority leader saying, “There were no new policies from Mr. Boehner, the same philosophy that led to this mess in the first place: cut more taxes for millionaires and cut more rules for corporations. Those policies “gave us the illusion of prosperity” while the broader economy was weakened.”

Obama said extending the Bush tax cuts would mean the Government would have to borrow $700 billion over the next 10 years. And would give a tax cut to folks who are already millionaires. I’m not sure how an annual household income of $250,000 qualifies one to be a millionaire, but I digress, it is after all obamanomics.

President Obama acts like this is his money. This money is earned by hard working Americans who still think this is the greatest country in the world and hard work should be rewarded not penalized. Here’s an idea to keep the Government from having to borrow $700 billion and also extend the Bush tax cuts, are you ready? STOP SPENDING! CUT SPENDING! That’s what every one else does when money is tight, we cut back and stop spending. Why is this so hard for Washington DC to figure out? The extension of the Bush tax cuts is good for all Americans. Stop this class warfare fight you’re fanning Mr. President.

Earning income and personal spending is relative. Back in my early 20s I left a job that paid $16,000 a year for a job that paid $32,000 a year. The first thing I noticed was I didn’t have any more money in my pocked than I did in my previous job. We moved into a bigger house and added a much needed second car. Those expenses ate up the additional income. What I learned was that those who make more money as their careers rise contribute to the economy as they earn more. It does not necessarily mean their pockets are lined with gold.

Lucky for all of us Senate Republican leader McConnell and Minority Leader Boehner appear to be ready for the good fight, and they seem to be winning. They are behind an idea suggested by Obama’s former budget director, Peter Orszag that calls for keeping the rates the same for all tax payers for the next two years. Recently Boehner said, “If the president is serious about finally focusing on jobs, a good start would be taking the advice of his recently departed budget director and freezing all tax rates.” McConnell said on the floor, “And that's why I'm introducing legislation today that ensures that no one in this country will pay higher income taxes next year than they are right now."

Obama recently said on Good Morning America, “What I am saying is that if we are going to add to our deficit by $35 billion, $95 billion, $100 billion, $700 billion, if that’s the Republican agenda, then I’ve got a whole bunch of better ways to spend that money,”

I bet you do, like on National Health Care, Suing Arizona, Cap & Trade, $50 billion more to fix roads, a research and development tax credit, NASA reaching out to Muslims instead of the U.S. being a leader in Space exploration, and bailout after bailout that produces no results.

But as the President’s approval ratings continue to free fall Democrats are running away from him on this issue lead by Rep. Michael McMahon (D-NY), who is fighting to preserve the Bush tax cuts for at least a year, says he has somewhere between 25 and 50 members on his side.

"Sometimes we forget how we became the majority. We did it by winning some affluent districts," Rep. Gerry Connolly said while speaking to reporters this week.

Democrat House Majority Leader Steny Hoyer said recently, "Americans have had it. They're tired of Democrat leaders in Washington pursuing the same government-driven programs that have done nothing but add to the debt and the burden of government. We can't allow this administration to demand that small-business owners in this country pay for its own fiscal recklessness,"

Mr President, this is our money, we earned it and most Americans don’t mind paying their fair share of taxes when we see the return as positive. This runaway train you’re engineering is going to crash and burn and we want off.


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