by Ray Newman, radio and television commentator, attorney, educator, author

Wednesday, August 7, 2013

HAPPY DAYS A'COMIN

Isaac Newton's Third Law of Motion says "For every action, there is an equal and opposite reaction".  So the question is:  what will be the reaction to this Administration's crunching of small businesses via the imposition of higher corporate income tax rates, higher costs of employee health care, and endless regulations? (Remember, too, that this crunching is very likely to be continued  if Hillary Clinton succeeds Obama.)

I think we are heading to an off-the-books economy.  Sales will not be recorded, to keep reportable income and income taxes lower, and without written receipts, returns of goods will not be permitted and warranties will not be honored.  More employees will work for cash, which will lower employer Obamacare costs and lessen employer and employee contributions to Social Security, disability insurance and unemployment funds.  The Government will thus take in substantially less money, its 17 trillion dollar deficit will skyrocket and ultimately our entire economy will have a terminal illness.  The Administration's massive entitlement policy will have a diametrically opposite effect: it will suffocate benefit programs out of existence.

HAPPY DAYS ARE HERE AGAIN
THE SKIES ABOVE ARE CLEAR AGAIN
SO LET'S SING A SONG OF CHEER AGAIN
HAPPY DAYS ARE HERE AGAIN!


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