When a telemarketer promises something for nothing, we hang up on him. When a Presidential candidate does it, we give him the job.
Remember when Candidate Obama promised health care, education, alternative energy, infrastructure, mortgage relief, AND a tax cut for 95% of us? How cool was that? That wasn’t just a free lunch; that was a free smorgasbord. Those of us who suggested you can’t get something for nothing were drowned out by the thundering chorus of “Yes, We Can!”
Well, as it turns out - "No, We Can't!". Milton Friedman (and my Dad) was right; there is no such thing as a free lunch. It was bad enough that those honkin’ big tax cuts turned out to be only a couple bucks a week; this week Mr. Obama told us they will expire after two years. The timeshare guys must be kicking themselves for not thinking of that one first.
And those free Obamaburgers are getting downright expensive.
Last month, the Congressional Budget Office estimated that the President’s cap and trade energy tax would cost $1,600 per household annually in higher energy and transportation costs. Last week, the administration corrected “a mistake” in its budget materials, and revised the cost of cap-and-trade – tripled it to over $2 trillion. So make that cost $4,800 per household.
CBO also revised its estimate for extending health care coverage to the 46 million uninsured last week; that number was doubled, to $1.5 trillion. In case you missed it, the administration is now thinking about taxing your employer health care benefits to pay for it. The average employer provided insurance premium is $12,000 per year, so if you are in the 15% tax bracket, you will pay $2,000 more in federal and state income taxes.
Somehow spreading THE wealth around seemed like a better idea than spreading YOUR wealth around, didn’t it? Do you have $6,800 laying around for the Democrats to take and spread around?
We don’t need government to spread our wealth around. When people spend, save, invest, or give to charity, they are spreading their wealth around. The issue isn’t whether wealth should be spread around; the issue is who is going to spread it around – those who earned it, or those who didn’t. Each day, we are reminded how important that choice is.
Did you know that AIG gave $43 billion of your bailout money to
And how come the Y-team - Harry,
Libertarians will not insult your intelligence by promising a free lunch. You wouldn’t need one if the government would just stop stealing your groceries in the first place.