The Obama Administration's Flawed Foundation - Jackie Gingrich Cushman - Townhall Conservative

The Obama Administration's Flawed Foundation - Jackie Gingrich Cushman - Townhall Conservative: "Whose money is it anyway? The government's money or the people's money?

The answer to this seemingly simple question is important.

'Republicans have a different view,' Barack Obama noted Tuesday when remarking on the tax cut and unemployment extension compromise. 'They believe that we should also make permanent the tax cuts for the wealthiest 2 percent of Americans. I completely disagree with this. A permanent extension of these tax cuts would cost us $700 billion at a time when we need to start focusing on bringing down our deficit.'

Is the $700 billion the people's money or the government's money?

The truth is that an increase in the tax rates would cost the American people $700 billion in additional payments to the government.

It's money out of people's pockets and into the government coffers."

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