If the voters authorize your subdivision association to spend $10.00 per year, and they spend $11.00 per year. That’s a $1.00 increase in taxes that dwellers will be required to pay. It’s a 10% tax increase.
Now magnify that to the scale of Obama’s 4 years.* American’s authorized the Federal Government to spend $9,836,745,000,000… …yes, that’s almost $10 Trillion.
Barack Obama and the Democrats spent $14,658,185,000,000 — that’s $14.6 Trillion!
By the logic in the 1st sentence, that’s a $4,821,440,000,000 TAX INCREASE! Per citizen, that’s a $15,306.16 Tax Increase… …a 49% tax increase. It’s $4,000 per family just for the interest on Obama’s debt
So much for lowering taxes on 98% of all Americans.
*This reflects fiscal years 2010 – 2013 over which the President presided.