Monday, September 15, 2008

Your party has been hijacked

The collapse of two more major financial institutions today should serve as a reminder of what happens when we live beyond our means. We've become a country in debt. G. W. Bush enacted one of the largest tax cuts in US history and increased federal spending along with it (5 times greater than Bill Clinton - http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51342 ) to finance an unjust preemptive war and increase spending to "Protect us from the terrorists". McCain will continue those tax cuts and I'm sure keep spending at the same levels with his support of many of Bush's programs (especially defense).

There are two formulas that work:

1. Higher taxes & a bigger government
2. Lower taxes & a smaller government

Lower taxes + bigger government = DEBT!! Horrible idea!

McCain's tax cuts will cost over $3 trillion. If he succeeds in his plan to reduce wasteful spending (getting rid of earmarks), he will cut a measly $20 billion. But McCain says the economy is "strong" so we should be fine!

Obama's tax increase (for the top 1% of earners) will generate an extra $181 billion. We will still be in debt but we'll be able to pay it off faster. Plus, hopefully he'll follow Bill Clinton's spending record. He's no messiah to the problem though.

Here's a recent article on the topic:

http://www.msnbc.msn.com/id/26689925

The current republican party has been hijacked by social conservatives and the religious right. It is no longer a party of fiscal conservatives and this is a clear example why religion and politics should not mix. Republican voters missed their chance by not nominating Ron Paul, a true fiscal conservative with a record and political philosophy to back it up. Read about his mission here http://www.campaignforliberty.com/mission/ People think he's nuts but he's predicted our current financial crisis.

So are the terrorists still our greatest threat? I think if anything they've gotten exactly what they wanted. To watch us slowly bleed a financial death in a war that can never be won. Stay informed, vote smart, we're going to need it.

No comments: