19 June 2015
Excerpt from the Investment Watch Blog,
“Rising federal debt threatens to choke economic growth within a decade, beginning a death spiral that will sap revenue from government programs even as demands grow, forcing the government to borrow even more, Congress‘ budget watchdog said in a frightening report Tuesday.
“Budget cuts or tax increases now would help avert that scary scenario, leaving the economy far stronger than it otherwise would be, the Congressional Budget Office said in the starkest warning yet by the independent agency that putting off tough decisions will only make things worse.
“The report — the first major one under new CBO Director Keith Hall — also takes aim at some traditional liberal arguments, finding that government investment yields only half the return on investment compared with the private sector and that money transfers to the poor act as “implicit taxes,” keeping them out of the labor force and depressing the economy further.” – Source: Investment Watch Blog, JUNE 18, 2015
Naturally, “big government” politicians recognize this as a mandate to raise taxes. No, this is another clear sign we must LOWER taxes, particularly capital gains taxes to draw American capital back to our shores. Reliable estimates range as high as one trillion US dollars held offshore out of sight from the IRS. This capital all alone could drive our economy back into the black.
It’s time for the real TEA Party Patriots to resume our work.
Back in 2008, when the Affordable Care Act was on the horizon and became reality after Obama took office, we of the real TEA Party Patriots began organizing rallies against that onerous law that represents even today the largest single tax hike in all our history.
ObamaCare is a threat to all Americans. In fact, a CNN poll found that only 11% of the people polled say it is successful.
TEA = Taxed Enough Already
Unfortunately, neo-Pharisees hijacked our TEA Party movement in a race to promote this or that candidate based on which was more “righteous”. Equally unfortunate, these neo-Pharisees failed to read the Bible where is says, “As it is written, There is none righteous, no, not one“.
It’s time for us to refocus on our original goal: defeat and repeal of ObamaCare. I appreciate prayer meetings where Christians intercede for our nation. My wife and I participate, but TEA Party movement is all about TAXES. We can’t be effective, if we stray from our calling.
Our Congressman here in TX CD-4 ran on a promises to repeal ObamaCare. Let’s not allow him to forget that promise.