Letter: A new America?
Sunday, January 13, 2013
President Obama has been telling us for years of his intentions to change our country. Our national debt is at an all-time high, we have year after year of deficit spending and there seems to be little concern within the administration.
Obama talks about making cuts and fixing Medicare and Social Security — but later, not now.
His tax on the rich will give us revenue in one year to run the government for a very few days. But that same tax, according to Ernst and Young, well-known analysts, could cost us 700,000 jobs.
In the last quarter of 2012, more than 6,000 new regulations were proposed. If allowed, these regulations will reportedly cost American businesses millions of man-hours of labor, just to do the paperwork. The big stimulus bill was a complete bust as a job creator and we now learn that Obama's Affordable Care Act is unaffordable.
Government cannot make jobs but it can bring about a positive atmosphere that is conducive to expanding businesses and hiring. Unfortunately, much of what is coming out of the administration today throws cold water on any hopes businesses might have to hire and move forward.
I hope slowing down our economy is not the change Obama had in mind.