Today in America, nearly half of all households receive either a salary or some financial benefit from the government; the other half pay for it. In Obama's vision for America, no one will be permitted to become too rich, no matter his skills and hard work. He somehow believes that government seizures and transfers of wealth generate prosperity. We know, of course, that the opposite occurs. Seizing wealth through taxation removes it from the private sector for investment. That produces job losses and government dependence on a massive scale.
Last week, Gov. Mitt Romney, the presumptive Republican nominee for president, blasted Obama for borrowing more than one trillion dollars in just the past year. He must have forgotten to look at the voting record of his designated running mate, Wisconsin Congressman Paul Ryan.
Thursday, August 16
Obama vs. Romney--some choice!
In Romney and Ryan Would Return Us to the Bush Years, Andrew Napolitano writes,