Taxes Will Go Up

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Sneaking a tax increase into law. The word out of Washington is that the so-called “super committee” of Congress, which was granted extraordinary (and unConstitutional) powers to “resolve” the debt crisis, will approve several new revenue enhancers. Please note it will not use the dreaded phrase “tax increase.” No, instead it plans to disallow many deductions taxpayers have enjoyed for years. The result, of course, will be to increase the taxes you and I pay.

Another stinking welfare program. Believe it or not, a U.S. lawmaker from Connecticut wants the government to provide free diapers to poor families. Representative Rosa DeLauro is sponsoring the Diaper Investment and Aid to Promote Economic Recovery Act, aka the DIAPER Act. This certainly puts a new spin on the “cradle” part of cradle-to-grave welfare.

The truth no one mentions about Jon Corzine. The media are treating the collapse of MF Global as another example of a big financial institution run amuck. What it doesn’t mention are the impeccable liberal credentials of Jon Corzine, the man who headed the firm. Corzine made millions at Goldman Sachs. Then, he bought himself a seat in the Senate and later the governorship of New Jersey. Over the years, he made major contributions to the Democratic National Committee, the Clintons, Barack Obama and numerous left-wing causes. Have you seen any of that in the media reports?

Blame the Democrats for this one, Mr. President. Are you getting as tired as I am of hearing Barack Obama blame Republicans in Congress for not passing his so-called “jobs bill?” What he never mentions, of course — and what the pundits of the press never chide him about — is that a major bottleneck is the Democrat-controlled Senate. It seems Harry Reid refuses to bring the legislation up for a vote because he knows it won’t pass. Why? Several Democratic Senators also oppose it.

–Chip Wood

 

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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