Tuesday, February 2, 2010

Economic Ignorance

Is it just me or is anyone else bothered by Obama's repeated phrase, "tax cuts that were not paid for"?

How can a man with no understanding of basic economics be our president? Or does he have an understanding of basic economics but it does not serve his agenda? I choose the latter. He wants to build a large, powerful federal government, period, end of story. He has stated that he wants to "fundamentally change America" and he has talked contemptuously about the Constitution on more than one occasion - even chastising the Supreme Court during the State of the Union (like an immature teenage blaming others for their lack of accomplishment).

I encourage all of you to study the JFK, Reagan and Bush tax cuts; specifically look at revenue. What happened to revenue to the federal government when these tax cuts were implemented?