When President Obama took the oath of office as U.S. president in 2008, our national debt was $10.6 trillion. Today it is nearing $16.3 trillion. Mr. Obama has increased this debt some $6 trillion, more than 50 percent more in four years than all of the previous 43 presidents combined in more than 230 years. Now America is facing an Obama-made “fiscal cliff.”
During the past four years, Mr. Obama has bullied Capitol Hill Republicans into spending more on “stimulus” initiatives and other programs. Mr. Obama and Capitol Hill Democrats have wasted $833 billion of taxpayer money while creating very few jobs. Most of the billions ended up in the pockets of labor unions, campaign donors and Democrats.
As we close 2012, Mr. Obama and the Democrats are demanding that George W. Bush’s tax cuts be eliminated to individuals making more than $250,000 annually. Mr. Obama’s explanation for this is a need to “tax the rich.” Higher-income workers usually work harder, smarter and longer hours in an effort to earn more, provide more comforts for their families and create even more jobs for others. Many lower-income workers are unwilling to work as hard, and some people are unwilling to work at all.
Americans are always willing to provide necessities for those who are unable to help themselves. The problems arise as those who are willing to work harder are commanded to pay more in taxes only to watch government give their money to people who are unwilling to better themselves. What’s more, the hardworking people are the job creators in the private sector. Those without financial resources are unable to create jobs.
The president should stop bullying the producers and trying to shift blame to the GOP.
OSCAR Y. HARWARD