Exodus 15:26 NIV – He said, “If you listen carefully to the LORD your God and do what is right in his eyes, if you pay attention to his commands and keep all his decrees, I will not bring on you any of the diseases I brought on the Egyptians, for I am the LORD, who heals you.”
David Nowak, Weatherford
Social Security far from secure
You are not in the $200,000 bracket but your taxes went up. It seems to me that President Obama failed to make it clear that the 2 percent reduction in the FICA tax was only temporary.
Did you get a bait and switch deal? The reduction lasted until his re-election. In case you are young and naïve, you will soon learn to pay attention to the fine print when a Democrat speaks. The reinstatement of the FICA tax will pale in significance when all the hidden tax is revealed in the unaffordable health care act.
In 1916 Argentina elected a new president, Hipolito Irigoyen, from a new party called the radicals under the banner of “ Fundamental Change” with an appeal to the middle class. It is always the middle class that gets the shaft eventually. He promoted mandatory pension insurance, mandatory health insurance and support for low-income housing construction.
Put simply, it is President Obama’s hope and change. The government payouts soon surpassed the ability of the taxpayers to keep up. Does that sound like any thing that is happening in America?
The death of the Argentine economy came with the election of Juan Peron. He and wife Eva aimed their populist rhetoric at taxing the rich. Sounds familiar, doesn’t it? But soon it expanded to most of the middle class, which became an enemy to be defeated and humiliated. Under Peron, the size of government exploded through massive programs of social spending and encouraging the growth of labor unions. The practice of printing money to pay off its public debt crushed the economy. Inflation hit 3000 percent; food riots were rampant; stores were looted; the country descended into chaos.