Republican Speaker John Boehner could not muster enough votes in his own caucus to pass his junk budget plan. Now it is time to junk Mr. Boehner as speaker. Americans for limited government did not send Republicans to Washington to support President Obama’s Marxist-oriented income redistribution scheme. America has a spending problem, not a revenue problem. Yet both Boehner and Obama trudge on in complete defiance of history and common sense. This is an outrage.
I graduated from high school nearly five decades ago. Individual income tax revenues then as a percent of GDP were not much different than they are today. Over that 50-year period, individual income taxes as a percent of GDP have swayed back and forth between six and nine percent. No upside trend is noticeable.
On the other hand, under President Obama, spending, deficits, borrowing and printing have soared. Under Obama’s failed presidency, spending as a percent of GDP doubled. Are Americans paying any attention to what is happening to our country? In order not to go “over the cliff,” John Boehner agreed to compromise with President Obama to the determent of all Americans. He should be replaced as speaker.
Latest posts by Richard C. Young (see all)
- Oxford Grabs Top Spot in Latest World University Ratings - September 23, 2016
- Rasmussen: Isolationism Will Not Make the United States Safer and More Prosperous - September 22, 2016
- The Cato Institute’s Dan Mitchell Delivers a Dire Warning! - September 22, 2016