This is Change?

Discussion in 'Politics' started by carpro, Oct 1, 2008.

  1. carpro

    carpro
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    http://www.cnsnews.com/public/content/article.aspx?RsrcID=36623

    Obama's Economic Agenda: This Is Change?
    Tuesday, September 30, 2008
    By Edgar K. Browning

    Presidential candidate Barack Obama’s mantra for change in economic policies amounts to this: a huge increase in redistribution of income at the hands of the federal government.

    While Obama refers to this as a “net” tax cut, raising taxes on the top 5 percent and lowering taxes or increasing outright benefits for the other 95 percent simply amounts to an indisputably massive increase in redistribution and ultimately very little meaningful change.

    To hear Obama and other Democrats describe our current policies, one might think that we do very little to help the poor and disadvantaged. But Americans already transfer more than a trillion dollars a year to low-income households. That’s a lot of money.

    Before we endorse Obama’s agenda of more of the same, shouldn’t we ask him what benefits a trillion dollars a year have yielded so far?
     

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