Thursday, April 23, 2009
Obamanomics
In convuluted government speak the contribution you make to your retirement fund each week is called a tax. In the real world payments you make each week to your retirement fund(AKA 401k account) is appropriately called a contribution. Obama's "tax cuts" are nothing more than welfare payments. So in addition to 50% of people not paying for the services the government provides they will not be contributing to the eventual payout the government will give them when they reach retirement age. Again the productive members of society are going to bear an additional burden to carry the irresposible debt spending of the federal government as it exists today.
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