Welfare and medicare aside, for now, why don't we take a look at what will actually transpire under each program, without the fear mongering that obama's camp is doing.
obama's program is simple to understand in concept. Tax the rich and give to the poor. On its face a noble gesture, Robin Hoodesque, throngs of people in the street hailing obama as the savior of the world... Only in obama's mind.
In actuality here is what will happen: The taxes garnered from the wealthy don't make up enough money to support all of the programs that are in place or that will be implemented should obama stay in office for another four years. That brings up the problem of where the rest of the money is going to come from.
There are limited choices. Either obama raises taxes for an ever descending portion of Americans, to even effect those below what is considered "middle class", he requests, sorry, mandates the printing of additional currency or he borrows more money from foreign sources, further destroying our rating and increasing our national debt.
So why does this happen? You only need to look at the money trail. obama collects a small portion of money from the wealthy. I say small because in relative terms it is. These funds won't come from their yacht expense, why would you give up something you could afford to keep if there where other avenues to cut back on or increase to maintain profit, assuming that you're a millionaire with a completely private company and not subject to investor ire.
So instead you scale back on hiring, expansion and R&D. You increase the cost of the product or service you supply. On your level all remains status quo, initially.
obama takes the money and gives it out to industries that HE feels the country needs and funds programs the HE feels the country wants. he has already stated that he wants more government jobs and tax payer supported jobs ie teachers. That is wether or not the industries are viable, useful or the programs foster any improvement. That my friends is socialism, but that isn't where the problem ends.
There is no increase in the tax base, there is no true job growth in the private sector. Ergo, see obama's limited choices above.
The end game is an economy with a devalued dollar, less buying power, higher national debt, ever increasing need to find outside sources of support and an ever increasing government influence on industry growth.
Without the fear of losing an election you will have KING obama.
Initially Romney's plan sounds hypocritical. Reduce the taxes of all taxpayers. Wha? But before you go all sorts of nuts, look at the money trail for this scenario.
The reason wealthy people are wealthy isn't because they sit on piles of cash with a mallet, looking to strike down anyone who ventures near. It's because they invest in opportunities that create more money.
By reducing the obligation to government they are better able to invest in the growth of their companies, hiring more people, doing more R&D, looking for other companies or industries to invest in.
That's why they pay a lower rate on investment income, because it stimulates the economy.
This leads to private sector job growth, an increase of the tax base without the burden of the taxpayer paying the salaries. This allows the government to scale back on programs that a growing economy doesn't need or require as much. This allows the government to pay down the national debt. This restores our rating and gives the dollar more value. This allows the PEOPLE to decide what industries are better to serve THEM. This is capitalism. And the PEOPLE are the ones with the most buying power-the "middle class".
I know that I made it seem simplistic. There are more factors involved and I am going to touch on those too.
But for now ask yourself,"if obama really had the answer to repairing this economy, why hasn't he done it?".
The fact is he already did. he pushed through his first stimulus package. It has led to, well, the need for a second stimulus package. Why? An economy based on socialism is doomed to fail, you only need to look to history. You only need to look at what is happening in Europe right now. Is that what you want our fate to be?
The fact is that Romney's plan has worked in the past and will always work in the future. The left is fond of destroying any notions of Reaganomics, unless it's convenient for them to use for their benefit, but the fact is that tax and spend leads to tax and spend, a bucket with holes, and trickle down leads to a full pail.
So I guess the real question is-Do you want a leg up, or a hand out?