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Deficits/Debt
April 15, 2009

Can politicians increase taxes to lessen the deficits from massive spending?

Deficits Debt

"Anti-tax 'tea party' organizers say they will deliver one million tea bags to a Washington, D.C., park Wednesday morning -- the kick-off to a day of protests expected across the country by people fed up with high taxes and excess spending.

The demonstrations are part of a larger grassroots movement to protest massive government spending called Taxed Enough Already, or TEA -- giving name to the Tax Day Tea Parties.

Rallies against government spending are scheduled across the nation, more than 235 years after the original Boston Tea Party revolt against taxes.

Crowds of 5,000 to 10,000 are expected in various cities like New York, Atlanta and Sacramento, according to Mike Leahy, co-founder of Top Conservatives on Twitter, one of the three conservative groups helping to coordinate the protests on a national scale.

Organizers say they're steamed at government spending since President Obama's administration took over.

The latest round of protests started yesterday when about 200 people gathered at the Missouri state capitol.

In Pennsylvania, protesters will gather outside Independence Hall in Philadelphia to voice their opposition to taxes on a host of items from cell phones to cigars."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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