Tuesday, April 22, 2014

President Obama wants to raise taxes to over 19% of entire GDP

It doesn’t matter which political party is in power, for the ability to finance their careers in office by stealing from the citizens will always be a massive temptation, especially when they find themselves short on funds due to their own corruption.  President Bush Sr. did this, President Clinton did it, and of course, the self-proclaimed Marxist Obama is doing it.
But as the budget deficit continues to grow astronomically, and the national debt climbs to levels more than 110% of our annual output, the Obama doctrine of wealth confiscation may be taking an even greater turn.  In a recent budget proposal to Congress the President offered a new baseline where he would seek to increase taxes by more than 1.6%, and equate government revenues from the people to over 19% of America’s total Gross Domestic Products (GDP).
 

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