A few weeks ago it was tax day in America. With just over 50% of American citizens working today and paying taxes, fewer and fewer people take note.
President Obama released his tax returns, like all presidents do, and there was not a lot of surprise. One thing that the media and the citizens should have taken notice of is that the president's effective tax rate is 18%. That's right, 18%. Barely more than what the administration was lambasting Mitt Romney for paying.
President Barack Obama and Vice President Joe Biden seemed especially energized on the campaign trail. They are doing what they do best--campaigning. They've also been recently criticized for having no second term agenda. And how do they answer? With a recently thrown together pamphlet with several points on how they will conduct their second term.
I, like all of you, share the concern with the national debt. This is been a perennial topic for generations, and because we're still talking about it today, no viable solution has been reached. I am also in agreement that the time to act is now in order to preserve it fiscally fit nation for our future and the future of those who come after us. At the end of last month, we concluded our fourth year in a row in which the national debt has exceeded $1 trillion. Obviously, Washington is not serious about seeking a solution to this long-term problem of long term debt.
At this point of the presidential campaign, there doesn't seem to be a lot of enthusiasm for a change. In fact, a lot of the Democrats are confident that they are going to win and already believe the race is over. I would like to argue that they are wrong, but I have read the latest polling and it is not looking favorable for the Romney camp. I cannot even assume that they are oversampling Democrats.