My tax returns are now complete for 2009 and it was a surprise to see a large refund on my federal returns – until I looked at it and realized the number of one-time tax credits that I had overlooked.
But then I realized that these credits are gifts of Congress and Obama Administration, paid for with money borrowed from the Chinese that some day we’ll all have to pay back with interest.
So I’m not going to spend the money. It wasn’t really a gift. It’s more of a loan, except I’m the one providing the collateral for the money the gub’mint borrowed. Frankly, I worked hard for many years to get out of debt, and I don’t like the gub’mint deciding for me that I need to get back into debt – especially to the Chinese.