“That Giant Sucking Sound”

By Guest Blogger Dave Carter (Currently working as a long haul truck driver, Dave is also a contributing writer at Ricochet.com.)

“What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.”  Thus did Mark Twain succinctly describe the voracious appetite of government.  But if there is an odious feature that Twain perhaps missed, Barack Obama has more than compensated, according to the Congressional Budget Office.

The CBO reports that the amount of money that the federal government will suck out of the private sector will increase by more than 30 percent between now and 2014.   Why, you ask?  “Mostly because of the recent or scheduled expirations of tax provisions, such as those that lower income tax rates and limit the reach of the alternative minimum tax (AMT), and the imposition of new taxes, fees, and penalties that are scheduled to go into effect.”  That last phrase is likely a euphemistic description of Obamacare.

The result?  The CBO expects the economy to perform, “below its potential,” for the next six years, with the unemployment rate hovering above 7 percent.   The question, bandied about recently is whether Obama is catastrophically misguided, or whether he is intentionally pushing the economy over a cliff.  The CBO sees the cliff.  Obama sees the CBO.  Perhaps this “fundamental transformation” is coming into focus for all to see?

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning