Carolyn Kaster, AP
FILE - This Nov. 16, 2012 file photo, President Barack Obama, accompanied by House Speaker John Boehner of Ohio, speaks to reporters in the Roosevelt Room of the White House in Washington. President Barack Obama’s re-election has stiffened Democrats’ spine against cutting popular benefit programs like Medicare and Social Security. Their new resolve could become as big a hurdle to reaching a deal for skirting economy-crippling tax increases and spending cuts in January as Republicans’ resistance raising tax rates on the wealthy. (AP Photo/Carolyn Kaster, File)
President Obama wants to increase the taxes on the high-income people in the United States. This would be a tragic mistake.
Our high-income people are those who finance and operate our industries and businesses which provide jobs for our citizens. Increasing taxes on them would make it impossible for them to compete with their foreign competitors, and they would either have to go out of business or move to a foreign country. We would loose the jobs that they create.
The solution to our national debt problem is really quite simple: Stop the reckless, unnecessary government spending.