To the editor:
President Obama may say that he has not raised taxes on the middle class, but basic economics proves he is wrong.
Did you know that your federal government has overspent to a tune of $4 billion dollars a day since Obama became president – and that, when all is said and done, your government will have overspent an extra $6 trillion! Now who do you think is going to pay for that?
The federal government cannot print another 6 trillion dollars to pay off China and other nations it’s borrowed from. That leaves one alternative.
The American working class will be on the hook for $15 trillion for generations to come. Our children will be forced to take austerity measures to ensure the financial survival of our nation. The government has no choice but to increase taxation on all workers’ earnings in order to satisfy our financial obligations. The full financial force of the federal debt will weigh heavy on the middle class for years to come.
So you thought the trillion dollars in taxes on the middle class due to Obamacare was bad?
Think of the extra $6 trillion in taxes that has been levied by Obama’s administration in the past 3
1/2
years. If that’s not bad enough, try this: Did you know the IRS gave our $5 billion in refunds due to identity theft last year — and it’s gotten so bad that the IRS projects it will hand out another $20 billion in fraudulent refunds in the next five years, with no plan to fix it?
You can’t make this stuff up, folks. You’d figure the public would be outraged at the fact that our government has ruined the financial future of their nation and that the people would rise up and demand their government handle the tax money more responsibly. Yet our government will continue to run the same way due partly through to public apathy which chooses not to educate itself to the truth and would rather be distracted by all the elements of the digital age.
Has it gotten so bad that no one cares, or are so many so scared that they would rather bury their heads in the sand to hope that it will all go away?
With all this debt and new taxation ahead of us, I still can’t believe that people haven’t figured out why the unemployment rate has not dropped below 8 percent in almost four years.
DEAN BURGESS
Gloucester
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