Barack Obama isn’t the first politician to break a promise, torture the truth or outright lie to the American people. But, he certainly is among the most accomplished at it.
The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
Although it was created with the best of intentions, the federal government’s Renewable Fuel Standard (RFS) program has become one of the worst and most costly boondoggles ever foisted on the American public.
When the American people elected Barack Obama and large Democrat majorities, the die was cast. ObamaCare was coming. Popular or not, constitutional or not, affordable or not, it didn’t matter.
During the campaign for re-election, Barack Obama at least made vague references to a willingness to accept $3 trillion of reduced spending in exchange for a $1 trillion dollar tax increase.
After the Democrats shoved the 2700 pages of ObamaCare down our throats – and we did find out how expensive, controlling, and coercive the legislation was – a majority of Americans wanted the Supreme Court to toss it aside as unconstitutional.
Something very significant appears to be happening in America. There is a dramatic shift in voter affinity toward the GOP, and it may prove to be the mountain-too-high for Barack Obama’s campaign.
What Democrats haven’t focused on are the kind of policies that would promote economic growth – such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business.
Every time Washington regulators pass down another heavy-handed rule or levy another hefty fine, Colorado loses potential jobs, revenue, and economic security.
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