THE POWER TO TAX IS INDEED THE POWER TO DESTROY – AT 9:18 A.M. ET:  And nobody is better at it than the Obamans.  These are stunning figures, reported by CNS: 

CNSNews.com) - In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the analysis published last week by the Congressional Budget Office.

Under Obama’s proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.

America has never been subjected to a ten-year stretch of taxation at that level.

In the twelve fiscal years preceding the Japanese attack on Pearl Harbor (1930 through 1941), federal taxation averaged 5.3 percent of GDP.

In the five fiscal years encompassing U.S. involvement in World War II (1942 through 1946), federal taxation averaged 16.1 percent of GDP.

In the fiscal years since World War II (1947 through 2013), federal taxation has averaged 17.1 percent of GDP.

In the period from fiscal 1992 through 2001, federal taxes averaged 18.3 percent of GDP. But in the last four years of that period (1998 through 2001), the federal budget was in balance.

And...

Under Obama’s budget proposal, according to the CBO, the budget will never balance. But over the next ten years, the federal government would add $7.183 trillion to its debt held by the public.

COMMENT:  The national debt has properly been called a national security problem. It can weaken us, and wreck our economy.  The same is true of excessive taxation, which draws vital funds out of economic growth.

And please note that this record-high taxation is occurring at a time when we're drastically cutting our military budget.  If we face an emergency, taxes would have to go still higher, or we'd have to once again increase the national debt.

April 22, 2014