BEWARE

I have been thinking. The cost of the Economic Stimulus Package. In all of the phases that have been added to from the previous administration to the current one, we have passed the one trillion mark. In fact, we passed it so quickly and subtly that you can’t even see it in your rearview mirror.

Now we have all been assured that the payment for this will come from tax increases on the fortunate achievers in this country who make a quarter of a million dollars a year. Let’s look at this, these people already pay 41% of the bills for our government. That is almost half. Yes, I can do percentages, even though I am not a Harvard grad. Now if we tax this demographic more, well now they pay 50% or more of the operating costs of our great country.

That leads me to this question, what happens when that is not enough? And anyway you slice it, tear it apart, dissect it, that is not enough money. Do you see where I am going? Yes, then the sector of earners with higher taxes will have to be expanded. Now maybe it falls to anyone earning $150,000 a year. That is still upper middle class isn’t it? Why should those fortunate souls get a free pass? And when that is not enough? A hundred thousand a year? That is a family of two, fifty thousand dollar a year earners who happen to be married. Marriage penalty? The Democrats were not really thrilled about doing away with that.

Many will think that I am just being an alarmist, but with talk of cutting the deficit, does anyone think that more tax increases are on the way? I for one not only believe that more tax increases are on the way but they will be on everyone. There is talk of additional gas taxes, doesn’t everyone buy gas?

This congress and current administration are drunk with power and are writing checks this country can’t cash. Of course we all watch the national news and see that everyone thinks that we are going in the right direction, approval ratings are great and we are all ready to sit around the camp fire and sing Joan Baez songs. I say that the true approval rating lies with the stock market. Let’s look at today, March 3, 2009. The market was up 20 points before the Fed Chair called for higher taxes and more spending and then what happened? A forty point loss in less than an hour and another record low. At this rate, this administration will be calling for taxes on welfare earnings.

Duty calls!