tfmsview:

I am exceptionally distressed the President and the Republicans are about to increase deficit spending significantly. Initial reports are the "tax cuts" about to be enacted will increase the debt $700 billion next year alone. The deal widely reported tonight will be an extension of the Bush era tax rates combined with a raid of the Social Security trust fund. The justification for exploding the national debt lies in the belief in one of two slogans "we can't raise taxes in a recession" (Republicans) and "we need to increase spending" (Democrats). This whimsical belief in slogans fails to acknowledge the actual damage deficit spending causes to the economy.

I was hoping when the Republicans and President Obama were discussing what to do about the change in tax rates scheduled to automatically take place after the first of the year there would be some responsible compromise. The Republicans wanted to avoid having the highest tax bracket rise from 35% to 39.5%. President Obama pledged to not allow taxes to rise on anyone that makes $250,000 a year or less. One fiscally responsible compromise would have been to change the Bush tax rates by 2.5% for all tax brackets. There are also some good discussion points in the debt commissions recommendations that could be used to decrease the deficit.

Instead the Republicans and President Obama teamed up to declare fiscal responsibility dead and in doing so will extend the malaise which is the current economic conditions. Look at history. President Reagan's deficits destroyed the first President Bush's economy. President Bush's deficits destroyed the economy in 2008 and the stimulus spending since has extended the recession much longer than it should have otherwise lasted.

About the Author

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Background: tfmsview, The Online Magazine; publishes commentary and opinion by Thomas F. McMasters. Tom McMasters achieved ballot position for Ohio ’s 8^th Congressional District Republican Primary as an alternative candidate to Rep John Boehner. The congressman from the 8^th district represents the people from Allen Township, Jacksonburg, Ansonia, Ludlow Falls, Arcanum, Maria Stein, Beckett Ridge, Mayfield, Bradford, Middletown, Burkettsville, Montezuma, Butler Township, New Bremen, Camden, New Miami, Casstown, New Paris, Celina, New Weston, Chickasaw, Newberry, Coldwater, North Star, Dayton, Osgood, Eaton, Oxford, Eldorado, Piqua, Fairfield, Pleasant, Fletcher, Potsdam, Fort Laramie, Rossburg, Gasper Township, Sommerville, Gibson Township, St Henry, Gordon, St Marys State Park, Grand Lake, Staunton Township, Granville, Tipp City, Greenville, Trenton, Huber Heights, Troy, West Manchester, Union City, West Milton, Versailles, York , Wayne Lakes It covers Darke, Preble, Miami , Mercer and parts of Montgomery and Butler counties. Newspaper and television stations that serve the district include: The Middletown Journal, WCPO, The Cincinnati Enquirer, The Dayton Daily News, The Fairfield Echo, The Hamilton Journal-News, The Huber Heights Courier, The Middletown Journal, The Oxford Press, The Piqua Daily Call, The Daily Advocate, The Daily Standard, The Oxford Press, The Tipp City Herald, The Tipp News Daily, WCET, WDTN, The West Milton Record, WGRT, WHIO, WKEF, WKRC, WLWT, WPTD, and WXIX.

Tom would like to thank all the Ohio voters and absentee voters that took the time to find their voting places and precincts to cast their ballots in his bid to become a member of the US House of Representatives. American politics and Ohio politics benefits from all the new people becoming engaged in the political discussions. The registered voters that identify with The Ohio Tea Party, Coffee Parties, Constitution Party and others engaged in the political debates will help strengthen the incumbent and all challengers.

Now that the primary is over Tom has again embraced his tfm persona as a political commentator; offering insight into issues such as the budget deficit, the national debt, taxation, healthcare reform. The website is set up as a political blog but it delves into other categories concerning basic American and Ohio life. Also, contributions and comments by all readers is always welcome.

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