Our money & D.C.

POSTED: Monday, December 10, 2012 - 7:22am

UPDATED: Tuesday, December 11, 2012 - 6:34pm

Congress dealing with "fiscal cliff" but does Washington need anymore of our money?

"Debt ceiling", "fiscal cliff", all the talk in D.C. about Uncle Sam running outa money or not having power to borrow anymore.

East Texans asked: Does the government need anymore of our money? They bend Garth Maier's ear at our news partner: KTBB.

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One estamate says the proposed tax increases will create some $82 billion in revenues. The deficit is somewhere around $1,000 billion. Unfortunately the $82 billion won't go to deficit reduction. It will be used as additional spending revenue. I believe Obama has no intention of fixing the economy. I believe he truely wants a second recession creating even more govt. dependancy and greater centralized power.

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