Posted on 07/11/2008 9:01:21 AM PDT by InvisibleChurch
According to the nonpartisan National Taxpayers Union, Ill. Sen. Barack Obama's fiscal agenda will cost $344 billion a year. The Illinois senator's plans include:
A government health care system that would likely cost more than $100 billion a year. A $1.7 billion Community Development Block Grant program featuring a full range of housing, job training, and community development services. An "Affordable Housing Trust Fund" costing $2.7 billion over five years. A "Making Work Pay" tax credit to offset Social Security taxes costing $308 billion over five years. In addition, Obama plans to spend:
Some $2.5 billion over 10 years in trade adjustment assistance for service workers. Some $90 billion over five years for early and K-12 education. Some $29 billion over five years for a new college tax credit program. Some $35 billion to expand Pell grants for poor college students. All this federal "assistance" will be of little aid to those it seeks to help if we have an economy crushed under the weight of hundreds of billions in new taxes, especially taxes on those who invest in the private sector, says Investor's Business Daily. That will mean the have-nots will not have jobs.
Source: "Boom Vs. Gloom," Investor's Business Daily, July 9, 2008.
For text:
http://www.ibdeditorials.com/IBDArticles.aspx?id=300409426744996
For more on Federal Spending & Budget Issues:
http://www.ncpa.org/sub/dpd/index.php?Article_Category=25
With facts like this, I Hope the people Change their mind before November.
Oboma wants the United States to join the ranks of typical THIRD WORLD countries.
Unfortunately, it looks like the only thing that will save us is Divine intervention. A strategically-placed lightning strike-during a debate perhaps? /s
If Obama is elected, prepare for an economic depression that will rival the crash of ‘29. We have to remember that in ALL of the calls for additional taxes by the Democrats, what most of us forget is that Bush’s tax cuts will expire because the spineless GOP in the senate were unable to force the senate to make them permanent. as a result, when they expire in the next 2 years, we will see an additional tax increase of $43 BILLION, ON TOP of the new/additional taxes that Obama plans to impose.
Expect high unemployment, spreading hunger and massive bankruptcy filings by the majority of Americans. Also, expect neither Obama nor the Dems to try to correct the issue, but to take the route of “moral courage” (that’s the spin they will try to use to justify it all) by refusing to end America’s suffering and cutting some of the taxes they imposed.
If we do nothing, as we always do against these corrupt thugs, we will only embolden them further!!
Warm up the ammo!
If he actually has the funds to do these things I am very happy for him, who knows, I might even throw in a few bucks myself from time to time.
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