New Stimulus Sparks Tax Worries Amid Jobs Question

Depiction of the famous Boston Tea Party.

Guess how many jobs experts are predicting will be saved or created with the recent stimulus package President Barack Obama signed. 3.6 million, as Mr. Obama promised? No, I’m sorry. It’s one-sixth of 3.6 million, which is equal to 599,999…new or saved jobs.

Huh? You mean we spent $787 billion to get 599,999 jobs created or saved? Yes, that is what Hoover Institution economists John Cogan and John Taylor, and German economists Tobias Cwik and Volker Wieland have determined, as noted in a Wall Street Journal story.

Pretty scary, right?

You know, Mr. Obama has delivered on his campaign promise of change. Yep, that’s right, we have change. Change in the form of a president who is intent on redistributing the wealth in America. What we cannot be sure of is how the USA will survive the redistribution and change that has come with our new president.

Instead of transparency, we Americans have seen an opaque wall. Mr. Obama started off delegating legislative matters to House Speaker Nancy Pelosi, who happily crafted the $787 billion stimulus bill. Then, instead of letting Congress and the American people have 5 days to read the bill, as promised during his campaign, Obama demanded that it be pushed through immediately. But then Obama took four days to sign it after the porked up stimulus bill landed on his desk, because he wanted to sign it in Denver, Colorado.

With Obama’s signing of the $787 billion stimulus bill, plus the $410 omnibus bill he signed behind closed doors on March 11, our government is spending money that we Americans don’t have. That’s right, the way we’re spending this huge amount of money on a “stimulus” is on credit. We do not at present have the money to pay for these bills. What’s more, because of the haste with which the stimulus bill was passed, only a handful of people have read the stimulus bill. This created a problem with the just passed omnibus bill, which, combined with the stimulus bill, is doubling some governmental budgets, and more than that for others. ACORN eligible block grants budget has more than tripled, getting $1 billion in the stimulus and $3.9 billion in the omnibus bill.  

Our government doesn’t seem to know how to act when Americans are hurting. Recession? People are losing jobs? Underemployment, negative home equity? No problem, Congress will fix it. The Democrat-led Congress and our new President have decided to double the size of our government and double our spending too… These congressmen say we can pay for it, and we can, by raising taxes on all Americans. Now, now, don’t be silly, our esteemed leaders in Washington who voted for the stimulus and omnibus won’t say that to the American people until farther down the road. Soon, Americans will start realizing that all this spending can’t be paid for just by taxing the wealthy, because that just won’t cover all our spending on bigger government.

There are Americans all over the USA who are spitting mad. Mad enough to demonstrate at tax protests, a.k.a. tax tea parties, as a young lady in California recently did, donning a Patriot hat and chanting, “No taxation with crappy representation!” Now that is a powerful sentiment brewing — and with that kind of sentiment on the lips of many disenchanted Americans, one that Obama would do well to ponder.

Paging Mr. Obama and the free-spenders of Congress: Americans are mad as heck. And the more we Americans think about what is going on, the more bitter we’re getting, like a pot of tea that has steeped too long.

Tax tea-party, anyone?

What do you think of the stimulus and omnibus bills? Do you think America is headed in the right direction? Considering all the money being spent by our government, do you think all Americans will end up being taxed more, as opposed to just the ‘wealthy?’ Tell me what you think in the comment section below.

Source Photo: Wikimedia