Practically Speaking

Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.

Barack O-Phenomena

Elections, Obama 2008, TAXES

I saw this enthusiastic supporter's car in WCTC's parking lot recently.

The college student in our household says many of the students there voted for Obama in the primary just because they think he will win. They like the idea of being on the winning side.

I can understand how "youth" would be attracted to a younger candidate--especially if that candidate is promising all kinds of change.

But who is going to pay for all that change?

The answer is our children. (We will all pay of course, but they will bear the brunt of it.)

According to a PEW Generation Next Survey from 2006 (page 14), 81% of 18 - 25 year olds rated "To get rich" as "[Their] generation's most important goals in life"

Senior Citizens are promised their incomes will not be taxed if under $50,000/year and families won't be taxed either, if their incomes are under $70,000, Sen. Obama has said.

So if getting rich is that important to this age group, then picking a candidate who will place such a huge tax burden on the young, singles, married with no children, and rich does not make much sense to me.

I know I am asking a lot here. Sadly, many otherwise intelligent college students (and people of all ages) don't understand basic economics. We see it all the time in that they don't understand that using a credit card means they still have to pay for their purchases with cash later, or buying a home that is beyond their means, on a temporarily low interest rate, is a bad idea. 

Hopefully after the parties' nomination process and the campaigns go into full swing, some of these questions will be addressed. I think the whole country could use an Economics 101 class!

Wow! Hillary Clinton pulled off Texas, Ohio, RI, check on the Clinton/Obama results for Tuesday's primary. Much like Mark Twain's quote, "The rumors of my death have been greatly exaggerated", Sen. Hillary Clinton is not pulling out of the race as some hinted. This is certainly the election that defies the usual. Huckabee is officially out of the race; McCain wins the GOP nomination.
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Links: Betterbrookfield Vicki Mckenna 



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