Wednesday, February 25, 2009

His Day Of Reckoning Awaits

I shall not want. He comforts the afflicted. He is a miracle worker.

He promises to provide for Americans from cradle to grave, while lightening the load of government on the backs of ordinary Americans. He promises not to increase their taxes "one penny." He promises to reduce their taxes.

He must be quite sure that the ordinary American owns no stock and thus will be untouched by the expiration of rate cuts on capital gains and dividends. Perhaps He counts on the stock market to assure that ordinary Americans will remain unaffected by an increase in the capital gains rate.

He thinks that increasing tax rates on the most productive Americans who shoulder the lion's share of the income tax load will not retard economic growth. He does not count on Americans to respond to the incentives and disincentives he places on them. He does not account for them.

He says our day of reckoning has arrived. Yet it is a judgment from which He exempts Himself. His day of reckoning awaits.