Wednesday, November 7, 2012

Obama victory speech: 'The best is yet to come'

Chicago Tribune  "In a race where the two men disagreed often, one of the principal fault lines was over taxes. Obama campaigned for the renewal of income tax cuts set to expire on Dec. 31 at all income levels except above $200,000 for individuals and $250,000 for couples.
"Romney said no one's taxes should go up in uncertain economic times. In addition, he proposed a 20 percent cut across the board in income tax rates but said he would end or curtail a variety of tax breaks to make sure federal deficits didn't rise."

Conservative Blogs Central leaves us with this thought and the quote below:
"November 6th, 2012: Apparently we have not learned our lessons and we have failed to keep our beloved Republic, perhaps just temporarily."
When exiting the final session of the Continental Congress, they were asked by a citizen what they had done. One of the Founding Fathers purportedly said, “We have given you a republic — now see if you can keep it." They knew back then that straight-up democracies don’t work. The following statement has been attributed to Alexander Tyler who was a Scottish history professor in the 1700s: “A democracy is always temporary in nature: It simply cannot exist as a permanent form of government. A democracy will continue to exist up until the voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority will always vote for the candidates who promise the most benefits from the public treasury. The result being every democracy will finally collapse due to loose fiscal policy, (which is) always followed by a dictatorship."

1 comment:

Ronbo said...

The night they drove old America down...