President Obama spoke today, addresing the pressing needs in cutting down the deficit. What at first comes as a suprise later ends in dissapointment when Obama states that he will not raise any taxes but that there is a need to "tackle spending in the tax code...". Hint, he means we have to close loopholes.
America has a serious and possibly detrimental issue on its hands concerning our outstanding debt, however, Obama keeps comming back, looking for more to take out of the pockets of the American people's pockets, instead of looking for solutions that will help our society rebound and become the leader of economic growth.
Obama is very committed in making sure that the middle class does not get trashed in the process of extreme reform over medicaid and medicare... but has he, as president, come up with any realistic plans in tackling these issues? Of course not, and as a result he will continually crank up on the rhetoric against the rich, the very lifeblood of this country, so he can appease the demands that are required of a populist leader, in chief.
Thomas Sowell once famously said that the very first principle in economics that is learned is that there is a limited amount of resources. In politics, the very first thing that is taught is to ignore the prior lesson in economics. What will happen when the resources collected today become nothing more than artifacts of the past that have no sense of real value?
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