Nation is doomed if we don’t balance the budget - Ahwatukee Foothills News: Letters To The Editor

Nation is doomed if we don’t balance the budget

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Posted: Friday, December 2, 2011 4:00 pm | Updated: 10:14 am, Sun Jun 15, 2014.

C.W. Griffin drools over so much baloney in his "class warfare" rant.

What everyone else refers to as "class warfare" is the continual attempts by socialists to pit one "class" against another.

I have the tax data right in front of me. The top 1 percent of income earners make 16.9 percent of U.S. adjusted gross income (AGI). They pay 36.7 percent of the taxes. The bottom 50 percent of income earners pay only 2.3 percent of the taxes ... keeping in mind that I said "earners" and "pay." Fully 47 percent of the population of the U.S. pay no income tax at all (and they'll vote for "Big Daddy" to keep it that way).

Several points to keep in mind:

If we took all of the income of those top 1 percent ... a 100 percent tax rate, the U.S. budget would still be in the red by $80 billion per month. If we don't balance our budget we are a doomed nation.

The 99 percent who run around screaming foul ... are employed by the 1 percent to 3 percent.

And don't let yourself be mislead by the C.W. percentages, Obama's theft will tax all of you earning over $112,000.

In a perverse sort of way I like C.W.'s approach ... it will drive us to a depression. I like that. No government. No money. Only barter. No skill to trade, you die. The ultimate reset of our value system. If we're lucky we can then restore the exceptionalism of the United States that socialists are systematically seeking to destroy.

Think I exaggerate? Tim Geithner himself advised President Obama, "Your legacy is going to be preventing the second Great Depression." Vexed, Mr. Obama replied, "That's not enough for me." Obama is more interested in redistribution of wealth, communist style. Go to http://tinyurl.com/7576tbv to see for yourself.

Jim Thompson

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