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It is just amazing to me how badly the political class misreads the general public. I mean,
are they even paying attention or are they just drinking their own Kool Aid? Take for example, the new budget just released by President Obama. It is clearly a document that shows his campaign slogan might have been "Yes, we can" but in reality we misheard it. It was more along the lines of "Spend while we can".
I will leave it to the financial reporters to dissect the numbers, but overall, the proposal is to enshrine HUGE deficits and eat up more and more of the private economy while at the same time creating a whole new level of government dependency - making it nearly impossible to rescind spending. Yeah, well, good luck with all of that.
Here's what I think; the whole thing is dead on arrival (check out my “Ask Herb” page for more on this DOA proposal). Common sense would tell you that at some point after robbing those that actually create real wealth in this country through higher taxes, they will eventually go on strike. Where is it written that only unions can do that? At what point does an employer classified as “wealthy” and who has built up enough assets to live on for the rest of his or her life just say "Who needs this?" Between confiscatory taxes and waves of new regulations, the day will come when scores of entrepreneurs and business leaders just check out.
The public instinctively knows this. Oh sure, if you pressed the average person sitting at the lunch counter worrying what the specific problems are, they likely could not catalog them as well as some college intellectual, but in fact they are smarter than all these self-important experts. Common sense tells them that the problem is government and its huge reach and constant spending. Increasingly, they are becoming mad-as-hell and they are not going to put up with it much longer.
So, political class (and I include republicans and democrats together in this as they both have proven time and again that they spend like drunken sailors when they have control), get ready for the revolution! The voters are just beginning to gear up. Change is coming and we will all be better off for it. |