http://www.youtube.com/watch?v=J5CCGa2fhf4
Hear the audio of Michelle Bachmann telling me what I will someday regret voting for Barack Obama because I am going to have to pay off this debt. Now I am all for getting rid of the budget deficit, but I think the bigger problems came with President Bush whose deficit spending went towards funding some ridiculous wars. These amounts generated deficits far larger than what Barack Obama has done and probably will do. But even if Obama did create a deficit larger than Bush’s, the money was better spent. First Bush put is in debt at a time of economic prosperity. It was a time when we should have been lowering the deficit like Clinton did during his term. Instead he cut taxes and drove us further into debt. Now in a time of economic hardship, it is to Obama to spend money to stimulate the economy to pull us out of it. Now if Michelle Bachmann wants to argue that Keynesian economics is wrong, she can, but I doubt Oral Roberts university gave her a top-notch education in economics. Even if it is wrong, I would still prefer it to Bush because Obama is spending the money on schools, roads, parks, etc. These are things that I would rather our debt money go towards rather than tax cuts for the rich and wars.
She goes on to say that my tax rate is eventually going to be 65% or higher. I have no clue where that number came from, but we have had higher tax rates in the past on our top tax bracket and we did fine. Denmark has a tax rate over 50% and for the goods and services they deliver, I would probably take it.
She further goes to fancy up the Laffer curve and argue that I will be less likely to work in 2/3 of my money goes to uncle Sam. I don’t know of any empirical evidence to show that being true. When I made minimum wage at my movie theatre job and paid no taxes, I probably worked harder than I did at my defense internship where I actually did have to pay taxes. If my tax rate jumped up to 50% but in exchange my college was free, I would still work just as hard for my money.
Then she goes on to say entrepreneurship is being punished. All these vague claims without any warrants as to why they are true. I know plenty of small business owners and plenty of people who want to form small businesses and none of them cite Obama as a barrier for them. Private enterprise can exist in countries with any tax rate. There is no evidence to the contrary provided.
Her ramblings just get worse when she says the government is going to tell me I am making a mistake by succeeding. I have no clue what this woman even means. My tax rate is higher? So it’s a problem she has with a progressive tax system? Sure, she can argue that, except that income tax and estate tax are probably the only progressive taxes there are. Every other tax in the country is regressive so it still looks like the rich are doing just fine.
She goes to claim that our stimulus bill is bad. But no specific cites of what is bad. I have no clue what part she thinks is bad. Every claim made by conservatives has been refuted. Obama wanted vaccine programs and volcano monitoring and in the past few weeks we have seen volcanic eruptions and flu outbreaks. What part of the stimulus bill was indefensible? Tell me. Go for it. Because everything I saw in that bill was still probably better than a war.
Then she goes on to say that Democrats control everything, but she fails to note that the Supreme Court has 7 judges appointed by Republicans. She also takes no responsibility for the fact that Republicans keep forcing out members of the own party like Arlen Specter or Rush Limbaugh’s calls for Colin Powell to leave. If you want to be a party of extreme conservatives with no moderates, you will never control more than 50 seats in the senate.
Then she says that we are going to use Global Warming bills to allow further government intrusion into our lives, once again completely unwarranted. But then again this woman is crazy. Yet she still thinks that she can think for me. Get off my back Mom. I don’t need you to tell me what to do.
