The Truth on Barack Obama’s Tax Plan

October 2, 2008 · Filed Under Economy, News ·  

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One of the comments that Barack Obama often makes on the campaign trail is that he will cut taxes for 95% of Americans.

Sounds great, but it’s not true. In reality, only 81% are included and many “tax cuts” are actually government checks for people who don’t pay income taxes, according to the New York Post.

The article also reveals some other Greatest Hits on the Obama campaign trail:

  • Obama claims he never voted to raise taxes on people making as little as $42,000.
    Truth: Obama voted on a nonbinding budget resolution to do so.

  • Obama claims all of his proposals are paid for.
    Truth: The Obama Plans would add $3.5 trillion to the national debt by 2018.

  • Obama claims he will reform the pork process.
    Truth: He has asked for just shy of $1 billion in pork for Illinois since entering the Senate.

I guess he lies with such ease, because the mainstream media doesn’t challenge him.

Empty promises, empty suit.

Barack Obama Likes to Waste Money

May 28, 2008 · Filed Under Economy, Fiscal ·  

I don’t know about you, but when we go over the budget in my house, we go with a practical approach - we live within our means.

If there is something we want, but we cannot afford it, then we just don’t get it. In essence, we cut our spending.

In government, it works a bit different, at least for Barack Obama.

He’s one of the big spenders of our money when it comes to earmarks. Earmarks, also known as pork barrel, are the appropriation of government spending for projects intended primarily to benefit the home state or campaign contributors of a politician.

In 2007, Obama has $91 million in earmarks for Illinois and his friends.

John McCain takes a different approach. On April 15 in Pittsburgh, here is what McCain had to say about this wasteful spending:

“There will be no more subsidies for special pleaders — no more corporate welfare — no more throwing around billions of dollars of the people’s money on pet projects, while the people themselves are struggling to afford their homes, groceries, and gas.

I will veto every bill with earmarks, until the Congress stops sending bills with earmarks.

I will seek a constitutionally valid line-item veto to end the practice once and for all.

We will institute a one-year pause in discretionary spending increases with the necessary exemption of military spending and veterans’ benefits.”

What do you think? Should we be taxed more by the government or should they cut the pork and spend less?