The Bleak Future under President Obama

It is the natural tendency of any bureaucracy to grow, and my current fear is that our federal bureaucracy is on the verge of becoming so big that it will topple the economic ship. Therefore, it is my top priority to support candidates who at least claim they will fight the growth of big government.

Sen. Obama is promising he will add to the bureaucracy, add entitlements, add payouts, and add universal health care. Sen. McCain says Sen. Obama will add about $800 billion to the annual federal budget. Add to that about $200 billion per year for the bailout package working its way through Congress. Add to that Sen. Obama's promise to reduce taxes on the lower 95% of taxpayers -- even at $1,000 per household per year, that will add $100 billion to the deficit. Now consider Sen. Obama's claim that he will raise taxes only on the top 5% of taxpayers (roughly 5 million households). Even if the economy stays out of a recession (unlikely at this point), he must increase the taxes on the top 5% by about $220,000 per year. Did Sen. Obama promise to balance the budget? Then he needs to collect another $400 billion or so per year, making the tax increase on the top 5% almost $300,000 per year.

What do you think will happen to the economy when the richest 5% of our population have $1.5 trillion less to invest and spend each year??? This is certain to cause a severe recession!

At what point will the voters realize that the federal well is dry, and that we cannot afford to increase the federal budget, even for universal health care???