Friday, February 27, 2009

The Madness of King Obama (and His Budget)

I can only scratch the surface with this post, but I am appalled at President Obama’s budget. Readers know my expectations for Obama were *Anglican understatement alert* not high. But his budget blueprint is worse than even I expected, far worse.

It is sheer madness. He blames Bush for the deficit he “inherited,” yet he wants to double it. Then he says he wants to cut the deficit in half, yet he proposes spending over $25,000 per taxpayer on items like doubling foreign aid and, yes, lots of earmarks Obama says he opposes. And if you think soaking the rich will pay for it, think again. One estimate: you would have to tax 100% of the income of everyone making over $75,000 to pay for Obama’s spending.

*another Anglican understatement alert* I don’t think we can afford that.

Speaking of taxes, Obama claims to be a Christian. Has he ever read, “You shall not muzzle the ox while he is threshing”? (Deut. 25:4; 1Cor. 9:9; 1 Tim. 5:18) Letting Bush’s tax cuts expire in 2010 isn’t enough for him. He’s in a big hurry to raise taxes on the eeeevil “rich”. And that includes sharply reducing itemized deductions for expenses and charitable contributions.

Does he think higher taxes will give incentive and capital to those we need to do the economic heavy lifting? It will discourage business risk and investment. It the risk taker loses, he loses. If he wins, . . . he loses to Obama’s high taxes. What sucker is going to play that game? Even oxen aren't that dumb. And what about churches and various charities, which do important work and are already hurting in this economy? Obama would put more hurt on them in order to shovel more money into his profligate spending.

It is sheer madness. I really thought Obama was smart enough to do no-brainer things like substantial infrastructure investment and backing off on taxes and leftist wish lists in order to help the economy. Instead, Obama is a walking economic disaster.

God have mercy on us.

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