Obama's Marxist drive toward socialism will take the US down the same road and to the scenario as is described in this article. We are well on our way to "running out of other people's money" as predicted by those who know. You'd think (if you're sane) that our leaders would PAY ATTENTION to history and conclude that socialism does not work well in the long run. It appeases the lazy masses and keeps the socialist leaders elected for a period, but then...it runs out of money!
François Hollande concedes taxes 'too heavy' in admission that annoys all sides in France - Telegraph
A New Year's message from François Hollande backfired as his vague promise that taxes would be lowered some time in the future jarred with French voters facing tax increases that took effect as he was speaking.
Instead of winning plaudits for his unexpected admission that taxes had become "too heavy, much too heavy", the unpopular socialist president - weakened by tax increases, rising unemployment and a shrinking economy - provoked incredulity and scepticism among critics on both Left and Right.
....
He offered companies a "responsibility pact", which he defined as the possibility of "lower labour charges and fewer restrictions on their activity in return for hiring more workers and more dialogue with trade unions".
But he gave no details about which restrictions might be lifted or how he would reduce the high social security charges and payroll taxes that leave French companies with some of the lowest profit margins in Europe.
His proposal came days after France's highest court approved his controversial 75 per cent "supertax" to be paid by companies on annual salaries exceeding 1 million.
....
Mr Hollande's proposal immediately came under attack from the left wing of his Socialist Party. Marie-Noëlle Lienemann, a Socialist senator, said: "This is not the time to offer companies incentives when ordinary people are struggling. It has to be balanced with measures to help them."
....
Bernard Accoyer, a centre-right MP, said his message was "a litany of his failures in 19 months as president" and added: "He admitted that he underestimated the crisis, raised taxes and charges on companies too high and failed to make the necessary cuts in public spending."
....
Just change a few names and you'll have a description of what's in store for us here if we continue to follow the "leadership" of the Leftist Obama...
François Hollande concedes taxes 'too heavy' in admission that annoys all sides in France - Telegraph
A New Year's message from François Hollande backfired as his vague promise that taxes would be lowered some time in the future jarred with French voters facing tax increases that took effect as he was speaking.
Instead of winning plaudits for his unexpected admission that taxes had become "too heavy, much too heavy", the unpopular socialist president - weakened by tax increases, rising unemployment and a shrinking economy - provoked incredulity and scepticism among critics on both Left and Right.
....
He offered companies a "responsibility pact", which he defined as the possibility of "lower labour charges and fewer restrictions on their activity in return for hiring more workers and more dialogue with trade unions".
But he gave no details about which restrictions might be lifted or how he would reduce the high social security charges and payroll taxes that leave French companies with some of the lowest profit margins in Europe.
His proposal came days after France's highest court approved his controversial 75 per cent "supertax" to be paid by companies on annual salaries exceeding 1 million.
....
Mr Hollande's proposal immediately came under attack from the left wing of his Socialist Party. Marie-Noëlle Lienemann, a Socialist senator, said: "This is not the time to offer companies incentives when ordinary people are struggling. It has to be balanced with measures to help them."
....
Bernard Accoyer, a centre-right MP, said his message was "a litany of his failures in 19 months as president" and added: "He admitted that he underestimated the crisis, raised taxes and charges on companies too high and failed to make the necessary cuts in public spending."
....
Just change a few names and you'll have a description of what's in store for us here if we continue to follow the "leadership" of the Leftist Obama...
