Thursday, October 30, 2008
Ken Blackwell : A New Welfare State - Townhall.com
Sooner or later, the alarm clock will go off, and Americans will realize that there really is no "free" lunch.
Sooner or later, Americans will realize that the accumulation of money, "things", and financial security is directly related to working and producing something.
I sure hope it's "sooner"...
Sooner or later, Americans will realize that the accumulation of money, "things", and financial security is directly related to working and producing something.
I sure hope it's "sooner"...
At Townhall.com, Ken Blackwell discusses the consequences of Barack Obama's tax plans:
"But, down the line, these programs face a financial crisis even worse than the housing mess that we're in now. They need literally trillions more dollars (above what they're set to take in) to meet their current obligations. By federal law, absent those new funds, every retiree will automatically have his or her benefits cut.
If Obama means to rebate those payroll taxes from the Social Security/Medicare funds, he's accelerating the bankruptcy of those programs. If not, he's still transferring money from people who pay income taxes to those who don't.
There's more: Either way, Obama is effectively changing these cores of American retirement from social insurance programs to European-style social welfare programs"
