The 1.2 % Tax Hike Dr. Mark Skousen is afraid of could be worse.
As a Canadian I see Things from afar and must wonder about US internal politics:
If it would not have been for the Democrats getting elected 5 years ago, there would be no more American Auto Industry. It was belly up when their executives came in their rich man’s tax-deductible executive jets to beg the new US Government to bail out the industry.
Millions of autoworkers were facing layoffs, which would have caused a chain reaction leading to another great depression. Banks through their totally irresponsible lending practices were in fact bankrupt. Along came a new government that
saved the American economy by bailing out these industries, resulting in the present huge deficit. “Obama Care” indeed. Medical insurance revisions appear to be a lot less costly in comparison, at least to outsiders
