NorthWest Florida Republican

Not only are Democrats looking at co-opting your 401K to earn more federal revenue, now they are looking at removing the tax deduction for home loans. Thus removing any incentive to actually purchase a home.

Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee and one of the deficit panel’s members, told Fox News on Wednesday that he supports the bottom line of the plan put forward the panel’s co-chairmen, Democrat Erskine Bowles and Republican Alan Simpson, “It does get a hold of our debt crisis,” Conrad said, noting that it projects cutting $4 trillion of the nation’s $14 trillion debt over the next 10 years. Conrad said if America doesn’t confront its debt crisis, the country is headed toward becoming a “second-tier economic power.” – Fox News

The best way to confront the debt crisis is to stop spending and expanding the government. Not increase taxes on everyone and everything.

Without a vote on the tax extensions, there will be a tax increase for everyone at the beginning of 2011. Eventually, one of these will pass through and get signed. Then taxes will increase despite the promise of President Obama.

It is still important to keep the pressure on our legislatures to keep the Government out of our wallets. The Government isn’t the only one suffering in this recession.