Obama will be ready on January 20 to sign another $700 billion stimulus once he takes office. The Federal Reserve stated that when it's all over over $7 trillion dollars will be "invested." Welcome to taxpayer hell. Obama wants to create 2.5 million jobs to "get the economy going." These jobs are going to consist of repairing the infrastructure: highways and bridges. More jobs are promised in building windmill and solar facilities. That means we become employers of 2.5 million people. How does he plan to pay for all this plus a new stimulus package? Tax the rich. Windfall profit taxes on "Big Oil." But that's okay, the Treasury can just print more money.
I, for one, look forward to these new jobs. Bureaucrats are going to be needed to keep up with all the paperwork the government is famous for. I'm going to get a job as a bureaucrat. That's job security. Bureaucrats NEVER get laid off.
Word to all you "middle class" and lower class expecting tax rebates (Obama misleads the public when he says tax "cut."). Don't spend it yet. In fact start cutting back because your taxes will be going up. Payroll taxes are going to increase in order to sustain Medicare and Social Security. Even if you pay no taxes, you'll be getting hit with higher payroll taxes. So don't come crying to me that Obama broke his promise - I didn't vote for him. I knew exactly what he'd do.
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