Taxes + Interest

Saying “lower taxes” while accruing trillions of dollars in debt is not actually lower taxes.

It is taxes plus interest.

Which is about the most expensive way there is to pay taxes.

Look around at the state of the U.S. economy at this moment and you (should) learn a vital lesson: overextending on credit is a dreadful mistake, the home will foreclose, the credit cards will come after you and the status symbol car will get repossessed.

According to the U.S. National Debt Clock our outstanding debt as a nation is $9,500,334,754,467.66 and frankly, it’s such a large number I my brain can’t truly comprehend it.

Each citizen’s share of this debt is $31,218.48.

So, this election the choice is up to you – do you think this is fiscal responsibility?

Are you going to keep being bamboozled by the idea that if we don’t pay taxes for money we’re actually spending now, it will be easier to pay later after we accrue interest?
Read about the 461,000 May Foreclosures.

John McCain says he’s going to Cut the Corporate Tax Rate from 35 to 25%.

He says

will keep the top tax rate at 35 percent, maintain the 15 percent rates on dividends and capital gains, and phase-out the Alternative Minimum Tax.

There’s not a single mention on his website that talks about cutting taxes for middle class families. I assume then that the top tax rate of 35% will be saved for who, middle class families?

He’s planning to “reform Social Security, Medicare and Medicaid.” Meaning . . . . we’ll will just stop paying for the old and sick people?

And he wants to minimizing expensive mandates for companies – such as those for health insurance. Oh Really? Even less access to health insurance?

His plan to pay back all that debt?

The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.

It seems to me that any American Middle Class Family who votes for John McCain is just volunteering to shoulder the tax burden.

You can’t cut corporate taxes, and pay off the debt, unless you RAISE taxes for middle class families.

Alternatively, Barack Obama is going to re-institute a pay-as-you-go tax system. As in, we don’t keep charging on a credit card.

Really, it’s not that hard. When you’re in the debt, as a family, you don’t take an extraneous trip to Six Flags. When you’re in debt, as a country, you don’t take an extraneous trip to Mars. Hello?

And he promises not to increase taxes for low and middle-class families.

It also hasn’t escaped my attention that the last time we had a surplus instead of an interest accruing credit card debt - was when Bill Clinton – a Democrat – was in office.

We’re a middle class family. I vote in my own economic self-interest.

If everyone votes in their own economic self interest we reach the closest thing to fair.

Image Source: U. S. National Debt Clock