Sunday, July 3, 2011

Raise Taxes on the Wealthy, But Not on Kobi-Job Creators vs. Athletes

By: A. H. Pinley

 “This is not a game. Debt has become a part of who we are. It's become that spoiled child in the grocery store with their lip stuck out: 'I want it. I want it. I deserve it because I breathe air.' And, well, that's an uphill climb in our culture right now, to go against that and say, 'Hey, let's be grownups here. Let's be mature, learn to delay pleasure, save up and pay for things.” Dave Ramsey

First the NFL and now the NBA, what will be next, D.C.? What direction will our nation go? Will we go the road that led to many nations in Europe went that broke them or will we do what needs to be done and bring to an end the out of control spending. Congress has at best two weeks to construct a bill that will cut spending and show that it will work on bring down the deficit, but the means of getting there is the issue. The President wants to raise the debt ceiling, plus raise taxes on the wealthy and the Republicans want to cut spending, plus lower taxes. What makes more sense, you be the judge?

I find it amusing to listen to sports lover defend how much an athlete makes, but despises how much a corporate man or woman makes. Athletes want more money for what? Don’t they make enough already? Well it is not up to me to say how much is too much, so why the same can’t be said about the job creator. Sure the athlete has created jobs, you have an agent, maids, gardener and maybe a driver, but no one is talking about the owners of theses professional teams. The owners have a business to run. They are not in business to insure every player that ever steps out on the field or court will be a millionaire. They are in the entertainment business and they need to make money in order to keep it running. If they were to separate themselves from every dollar they make they would be broke in one season. That is not how you run a business.

In the case of President O’Bama and his fifth round or sixth round or seventh, how rounds is this? On his most recent attack on the private sector O’Bama is stirring up emotions against the job creators, for what, because his nearly $1 trillion stimulus didn’t work? In 2006 then Sen. O’Bama voted against raising the debt ceiling, but now sounds like a good idea. The economy was better then, but I think he was just playing party politics. In 2007 the Democrats regained control of the House and Senate only to increase spending, these are the Blame Bush crowd that is saying the Republicans are obstructionist. What because we can not sustain this debt no longer?

December 2010, O’Bama signed into law the extension of the Bush Era tax cuts. After all of the arguing that Bush 43’s tax cuts were the culprit of our nations decline, O’Bama extends them, because it was good for the American people. During that time he threatened the private sector that he will not renew them again as if the top wage earners were the only ones to benefit. The tax cuts were not only for the top, but for the bottom wage earners as well.

O’Bama wants our elected to show more leadership when O’Bama himself should show a little more by showing more fiscal restraint. We Americans can’t spend our way out of private debt, nor can the government. Lower the corporate tax rates to draw more jobs to our shores and ask that our elected lead by example by demanding to cut spending in a serious way. Higher taxes are not the answer.

God bless our ‘Great Nation’.     

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