"Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives"
- Karl Rove
About this Quote
This quote by Karl Rove suggests that President Obama's strategy to increase federal costs by 25 percent and almost triple the national debt over 10 years will have financial consequences. According to Rove, these consequences will consist of brand-new taxes being imposed by the new progressives. This indicates that the increased spending and financial obligation will lead to a requirement for extra revenue, which will be produced by new taxes. This might be a cause for concern for lots of Americans, as increased taxes could result in a decrease in their disposable income. Eventually, this quote suggests that President Obama's strategy could have an unfavorable financial influence on the country.
This quote is written / told by Karl Rove somewhere between December 25, 1950 and today. He/she was a famous Politician from USA.
The author also have 25 other quotes.
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