That loud sucking noise you’re hearing today is the vaccuum being created by PBO and his cronies in Washington, D.C. as they whisk away the traditional deductions we’ve all become accustomed to over the past several decades. Yes, you got it right, that “Jobs Bill” has to be paid for, and our president is intent on taking it from you and me.
Previously, his rhetoric was that just the Millionaires and Billionaires needed to pay their fair share. But his tax advisors told him that wouldn’t generate enough revenue to pay all the bills he’s created. So now he’s going after us wealthy “Thousandaires.” Yep, all of us who generate a modicum of income and who were responsible with our savings and investments (so we wouldn’t have to depend on ponzi schemes like Social Security and Medicare in our old age) are now going to be the billpayers for extending unemployment claims for those out of work. We’re going to be directly subsidizing PBO’s new infrastructure investments in states that bankrupted themselves through overzealous spending. He needs our money to continue extending unemployment benefits a few more months. He needs our money to keep paying people not to work. PBO wants to spend a half trillion dollars more and he’s coming after you and me. Amazing!
Many of us already were being stung by the alternative minimum tax, which took even more thousands from us beyond what the tax tables required each year, at tax time no less. Starting in April 2012, a lot more of us will be slapped with this rude awakening if PBO gets his way. He wants to eliminate your contributions to churches and other charitable agencies for starters. No telling where it will end. PBO just needs to get his “super committee” to agree to his plan and he’ll have his $457Billion in no time. It seems there’s no stopping him.
But you and I can do something about this morbid attack on our wealth and savings. We can fight back, and fight back hard! All of us need to urge our elected officials in Washington not to fall prey to this unconscionable wealth re-distribution scheme. In the immortal words of Nancy Reagan- “JUST SAY NO!” Tell everyone you know to tell our politicians no. Tell them in every medium and at every opportunity.