Where are our taxes going?

During the  Obama presidency the federal deficit has basically doubled.  We now have a federal deficit of over $17 Trillion that T not a B. You  can  not blame it on Iraq or Afganistan since those wars were well underway before he came into office and most of the  expense is in the billions of dollars of equipment  vehicles, building, arms, trucks, planes  etc that were bought, built and  transported to the battlefield most of which was already in country before Obama's election. You  can not blame it all on the  recession because if you believe Obama  the  recession is over and we are well into a recovery, or so he says. My reply to that claim is what recovery? So if its not the  wars and its not the  recession why have the federal deficits doubled since  Obama took office? Its not the costs of OBAMACARE since the true inflationary costs of that program cannot yet have begun to be seen since the program doesn't really begin until next year! There really is only one answer and that is out of control spending beyond the tax income the  government takes in!

So its our overspending without adequate tax revenue to offset the spending. Can we all basically agree on that? That brings us to the next question. If we are spending more than our revenue What impact will that have on future  tax rates? Do you believe that the Congress and the president are going to balance the deficit in the next 10 years or so? I don't. So what do you think will happen to  our tax rates over the next 10-25 years? The only logical answer is they  are going to  go up. If that is the  case than it is even more important that we begin to plan for how to manage the taxes we will have to pay!  Tax free or tax  controlled income planning and tax free retirement products are therefore almost  essential!  We can  help you with  that!