Blog Archives

Obama has deficit ownership

Wednesday, April 27, 2011

By Letters to the Editor/Gloucester County Times

To the Editor:

Joe Mingin (letter, April 17) made the tired accusation that Republicans didn’t care about the deficit when President George W. Bush was increasing it. What news media were he listening to all those years? The majority of conservatives were very critical of Bush’s spending, and said so regularly.

President Barack Obama has now increased our debt far more than any other president in history. He’s added trillions to the deficit with no thought of how we’re going to pay this all back. And this comes from someone who, just over two years ago, promised to cut the budget deficit in half by the end of his first term.

When pressed, all Obama does is talk about the need to raise taxes on the wealthy. There never seems to be a social program that he is willing to cut or do without.

The top 10 percent of income earners already pay more than 70 percent of all taxes, while the bottom 40 percent pay no taxes at all. According to experts, if all earnings were confiscated from every wealthy person in America, it wouldn’t be enough to pay our debt. It won’t be long before the middle class shoulders the burden for all those    entitlements.

In his book, “The Roots of Obama’s Rage,” Dinesh D’souza makes a convincing argument tying Obama’s actions to his father’s anti-colonial views. In 1965, Obama’s father wrote in a paper that there is no tax rate that is too high, and even a 100 percent tax rate can be justified under certain circumstances. Barack Obama Sr. believed that the rich had gotten rich at the expense of the poor and, so, should give their wealth back to the poor.

In “Dreams From My Father,” Obama suggests that he has taken on his father’s dreams. D’Souza believes Obama is on a systematic campaign against the colonial system that destroyed his father’s dreams, and is “committed to keep going until he has brought that system down.”

With the help of left-wing financier and billionaire George Soros, it seems that President Obama is on the road to doing just that.

Leda Muth Pitman

Original Article

%d bloggers like this: