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by Mel Griffith
The president made an interesting comment the other day. He was trying to explain why he thinks successful people should be punished for being successful by having their taxes raised so the money can be used to reward people for being unsuccessful. He gave a personal example by saying that he himself makes more money than he needs so he should have to give it back to the government in taxes. This statement reveals two things about the president. One, he has no clue how the free enterprise system works. Two, his real guideline isn't the U.S. Constitution, but Karl Marx's famous rule "from each according to his ability, to each according to his needs." Simply because someone doesn't need all the money he has is no excuse for the government to take it away from him. The president obviously does not understand that the economy runs on money that someone doesn't need at the moment. Unneeded money is what is used to start businesses and invest in existing businesses. Money that is needed for living expenses cannot be invested. Socialists always want to punish success and reward failure by taking away from those who earned it and giving to those who didn't. No doubt the president really wants to improve the economy, because it would help his reelection campaign. He just doesn't know how.
Washington is once again preoccupied with raising the imaginary debt ceiling. It is imaginary because when it is reached it is raised again instead of fixing the problems which caused it to be reached. Raising it again and again is just play-acting. The party in power always says it is unfortunately being forced to raise the limit by forces beyond its control, though the truth is that they purposely overspent. The opposition always says that the need to raise the limit represents a failure of leadership by the party in power, though they helped with the overspending and plan to do even more as soon as they can get back in power. After everybody milks all the publicity they can out of the situation they all wink and nod and pass another increase. Raising the debt limit this time is proving more difficult than usual because some of the Republicans, though not all, want to actually start doing something about the out-of-control spending that causes this problem over and over. This has come as a shock to Washington insiders who thought that everybody knew that opposition to raising the debt limit was just supposed to be make-believe for publicity purposes.
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