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Re: The Official Debate Thread (Round 1)
Here's the thing with the tax issue: Obama will raise taxes on rich people. We all know that, and he makes no bones about it. I don't like taxes raised on any income level -- I think taxes should be a flat rate for everyone, or there should be a national sales tax. Anything but what we have currently.
The problem is spending. Democrats are tax and spenders, while Republicans are borrow and spenders. As the great free market economist Milton Friedman once said, a tax cut without a corresponding cut in spending is not a tax cut.
So while McCain wants to lower taxes but lobby hard for this $700 billion bailout package, or continue spending $10 billion a month for Iraq, in the long run our national debt continues to pile up, the Treasury simply prints more money, and we, the great unwashed are hurt even more because our money becomes more and more worthless. That's why the containers of coffee, ice cream, milk and other groceries decreases while the price remains the same or increases.
In essence, we're paying more up front for all the spending with democrats. With republicans, you're passing the bill to your kids, and the purchasing power of your dollar is diminished.
Imagine if every two weeks, your paycheck saw a direct hit with each and every spending measure enacted by government? Suppose the $10 billion we're sending to Iraq was taken out of your paycheck right now, up front?
This bullsh*t war would be over in a heartbeat.
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