I once heard the joke, a taxpayer voting for Barack Obama is like a chicken voting for KFC. In all seriousness, this joke is not too far off base!
Michael Tanner with the libertarian CATO Institute, has recently analyzed the costs of Sen. Barack Obama’s social programs if he is elected President in November.
According to Tanner, “Sen. Obama represents less hope and change than a wish list for every conceivable liberal special interest group.”
Obama has proposed at least $287 billion per year in new government spending if elected. This was before he unveiled his $150 billion “green energy plan” earlier in February. In addition, he has recently proposed at least $858 billion to fight “global poverty” over the next five years.
His new spending programs would cost at the minimum, $800 billion a year.
On taxes, he has proposed a $1.3 trillion tax hike over the next five years. He would increase taxes on business, investment and job creation. His proposals would nearly double taxes on capital gains.
On health care: “A President Obama would take America down the road to a government-run health care system. … The government would determine what types of benefits you would be required to purchase and how much insurers could charge.” He would mandate that all employers provide health insurance for their employees.
On a “living wage,” Obama would force businesses to pay employees an undefined “living wage,” which would include paid family and medical leave.
According to Tanner, “A President Obama would mean a much bigger, more intrusive, and costlier government.”
Michael Tanner with the libertarian CATO Institute, has recently analyzed the costs of Sen. Barack Obama’s social programs if he is elected President in November.
According to Tanner, “Sen. Obama represents less hope and change than a wish list for every conceivable liberal special interest group.”
Obama has proposed at least $287 billion per year in new government spending if elected. This was before he unveiled his $150 billion “green energy plan” earlier in February. In addition, he has recently proposed at least $858 billion to fight “global poverty” over the next five years.
His new spending programs would cost at the minimum, $800 billion a year.
On taxes, he has proposed a $1.3 trillion tax hike over the next five years. He would increase taxes on business, investment and job creation. His proposals would nearly double taxes on capital gains.
On health care: “A President Obama would take America down the road to a government-run health care system. … The government would determine what types of benefits you would be required to purchase and how much insurers could charge.” He would mandate that all employers provide health insurance for their employees.
On a “living wage,” Obama would force businesses to pay employees an undefined “living wage,” which would include paid family and medical leave.
According to Tanner, “A President Obama would mean a much bigger, more intrusive, and costlier government.”
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