I can’t help but wonder when exactly Senator Johnson plans to support paying down the deficit. He seems to expect us to believe that’s why he needs to raise taxes. Forgive me for being skeptical of his intentions.
A plan that would subject millionaires to a tax rate similar to middle class Americans probably is dead in Congress, Sen. Tim Johnson said Wednesday.And that, the senator continued, will stifle efforts by lawmakers to tackle the country?s burgeoning deficit and raise revenue to invest in areas such as education.
When Tim Johnson says stuff like that, I wonder if he is gullible or if he thinks we are. Since President Obama was reelected, the federal debt has increased over $5 Trillion. Now suddenly by raising $47 Billion in revenue by taxing the wealthy, Johnson and Obama believe they will be able to pay down the deficit. What planet are they living on? More importantly how do they expect me to believe they intend to use any of that money for debt reduction?
I’m not necessarily against a tax increase designated to lower the federal debt. But I find myself unable to believe that Johnson and Obama intend to pay down any amount of our deficit.
The $5,027,761,476,484.56 in additional debt that the U.S. government has taken on during the 39 months that Obama has been president is more debt than the federal government accumulated in the first 219 years of the Republic.