Jobless Claims Up, Stock Market Down

Playing politics is not the answer to America's fiscal crisis. President Barack Hussein Obama in a speech this week said "through government we should do together what we cannot do as well for ourselves." Yet since his presidency began he has done very little to provide leadership on out-of-control spending. His 2012 budget, released two months ago, offers more spending and higher taxes.

The President's speech was made to address a very real problem-a growing $14.3 billion debt. Since he became President the deficit has nearly doubled and in 2010 he neglected to do a budget. In response others came forward. House Budget Committee Chairman Paul Ryan (R-WI) proposed a "Path to Prosperity", which attempts to solve spending and make reforms to entitlements. Paul Ryan's budget adds no new taxes or higher taxes.

In Obama's America the only way to achieve is through 'redistribution of wealth' and playing politics by creating class warfare. Obama defines economic prosperity as more and more government involvement in everybody's lives. Socialism does not work history proves it. Higher taxes weaken the economy. Spending is the problem, higher taxes on savers, investors, and job creators are not the answer.

The Republicans must reign in spending, if voters do not stop this in the 2012 elections our country will no longer be number one. Higher taxes reduce employment, cut investment activity and lessen household demands for goods and services. Taxpayers should not bear the punishment for the offense of overspending. President Obama's speech was no more than a partisan campaign speech pandering to those who believe the rich got rich by stealing from the poor. Can you get rich by stealing from the poor?

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