The President fundamentally believes that increased revenue, as he called it, will help the government create jobs. While ‘increased revenue’ may sound appealing to many out-of-touch liberals, the reality is that higher taxes will never lead to sustained economic growth. Obama doesn’t realize that the government can never really create jobs – it can only spend taxpayer dollars while creating temporary bubbles. Excessive taxing takes away hard-earned dollars from citizens and gives it to a highly inefficient, wasteful federal government which uses that money for a growing list of non-essential functions. Yet to President Obama, the role of government is to provide an endless list of "services" decided upon by political elites, and we taxpayers should gratefully pay whatever is needed.
In contrast, Governor Romney cited the true authority on the role of government - the Constitution and Declaration of Independence. These founding documents enumerate the principles that have led our country to become the economic beacon of the world. By allowing Americans to pursue their own version of happiness and not limiting them with excessive regulation and punitive taxes, individuals are empowered to invent new products, create jobs, and grow their business – which in turn grows the economy as a whole.
In the aftermath of Wednesday night’s presidential debate one thing has become clear. The President is committed to his vision of bigger government, believing that to be its proper role. But after four years, it’s clear that the path Obama advocates is one of more spending, larger debt, fewer jobs and higher taxes; continuing the same slow economy that has become the crisis of the Obama Administration.
Editors' note: this article has been updated to reflect the most recent jobs numbers.