Obama promises more taxes
01-02-2013, 04:53 PM
Be careful what you wish for, Obama supporters. Bet those of you who voted for a second term never imagined how much it was going to cost to support his spending for the next 4 years. (or maybe you don't care because you don't pay taxes anyway)
Gotta say, serves America right for having so much blind faith in a mediocre, if not downright BAD, president.
Get ready to pony up, middle class. Barack has only begun to spend.
Obama Vows More Tax Increases
January 2, 2013, 8:58 am
President Obama this morning pocketed the Republican concessions on tax hikes included in the Fiscal Cliff deal and promised that it was only the beginning of new taxation to be assessed on the American people.
Obama, who appeared in the White House briefing room Tuesday night to hail the deal, made clear to Republicans that he will continue to seek a “balanced” approach to deficit reduction – White House code for “balancing” spending cuts with raising taxes. Meanwhile, spending on Obama-blessed programs will continue to rise, he asserted:
While the Fiscal Cliff’s automatic deficit reduction included both tax increases and spending cuts, the deal passed by Congress Tuesday night relied almost exclusively on tax increases to pare down the deficit. The massive Fiscal Cliff spending cuts that had been scheduled to take effect at the beginning of the year are still on tap, but have been delayed for two months.
We can’t simply cut our way to prosperity. Cutting spending has to go hand-in-hand with further reforms to our tax code so that the wealthiest corporations and individuals can’t take advantage of loopholes and deductions that aren’t available to most Americans. And we can’t keep cutting things like basic research and new technology and still expect to succeed in a 21st century economy. So we’re going to have to continue to move forward in deficit reduction, but we have to do it in a balanced way, making sure that we are growing even as we get a handle on our spending . . .
Today’s agreement enshrines, I think, a principle into law that will remain in place as long as I am President: The deficit needs to be reduced in a way that’s balanced. Everyone pays their fair share. Everyone does their part. That’s how our economy works best. That’s how we grow.
But if Republicans thought that out of fairness and “balance” the focus would now be on trimming spending, Obama’s comments made clear that they are deluding themselves.
Having been rolled by Obama into accepting a massive tax increase, Republicans will again be pressured into embracing a “balanced” approach that cuts spending but also socks the “wealthy” for more revenues.
Read more: Obama Vows More Tax Increases | The Blog on Obama: White House Dossier
01-02-2013 04:53 PM # ADS
01-02-2013, 05:01 PM
Raising taxes has NEVER helped deficit reduction... the greedy progressives just want to soak their subjects.
“The real division is not between conservatives and revolutionaries but between authoritarians and libertarians.”
― George Orwell, A Life in Letters
01-02-2013, 05:07 PM
By the time anybody gets around to spending cuts, we'll be so far in the hole, nothing short of wiping out entitlements will do any good.
Morons of the left just aren't smart enough to get it. Eventually, they'll run out of other people's money to spend. With the way Obama throws it to the wind... gonna happen sooner rather than later.
01-04-2013, 11:31 AM
Partisan statements always tend to be misleading and inaccurate. A Republican controlled U.S. Congress apace with a Democratic President Bill Clinton balanced the Federal budget 4 consecutive years, from 1997-2000, reduced the deficit and The National Debt by increasing taxation and reducing expenditure spending.
Originally Posted by hoytmonger
The premise of my argument is that neither the Republicans or Democrats serving in the US Congress, or President Obama refuse to drastically reduce expenditure/entitlement spending before addressing taxation. In reality, spending by the federal government has increased by 60% since 2000. Since the inception of the Obama Presidency, National Debt spending has increased nearly 35%. Legislation regarding spending cuts ten years down the road is arbitrary on our Congress at that time and it will be entirely disregarded. In Washington, we don't have a Republican or Democratic problem. We have a Democrat and Republican dilemma.
progressives just want to soak their subjects.
Last edited by Shoey; 01-04-2013 at 11:37 AM.
01-04-2013, 11:54 AM
Saw a headline this morning that said families earning $50K will be more severely impacted by the numerous new taxes coming out of DC... than people making over $500K will be impacted by Obama's obsessive TAX THE RICH program.
IOW, he's hurting the very people he promised to help.
No surprise there. And BTW, has anybody noticed gasoline is going back up? I noticed it increased $.20 a gallon the day Barack flew back to Hawaii to continue his vacation. So much for feeling our pain, huh?
01-04-2013, 12:13 PM
So Hows Obama and the Democrats feel now.....since they just Made Bush tax Cuts Permanent, but not just permanent. But the New Norm! Looks Like Obama and the Democrats will be Done blaming George Bush from now on.
Time for the Right to Rub it in the lefts Face with this fact. Thank you very much for being the Hypocrits they are. Where are Obama's Hollywood Elite and those Progressives? How does tinsel town Feel now? Betcha ya they are feeling like a bunch of Dumbazzes now!
Wheres Speilberg, Moore, most of all why Is Obama running to avoid to be questioned over it?
"To Destroy this Invisible Government, To Dissolve this UNHOLY ALLIANCE between Corrupt Buisness and Corrupt Politics is the FIRST TASK of the Statesmanship Of the Day!" ~ Theodore Roosevelt ~ Steward of the People ~
01-04-2013, 01:55 PM
Obama's tax increases on the "Rich" to get the "Rich" to pay their fair share was not a tax on the Buffets of this country.
it was a tax on the working person who gets a pay check for actually working.
While he left people like Buffet, Gore, Gates, and so on with a very small increase since they don't get a pay check.
funny how the rich must pay their fair share. but he leaves the truly rich alone.
(but he wouldn't dare touch his campaign fundraisers pocket books)
so all the idiots who bought into the "Make the rich pay their fair share"
was fooled. because this does not affect the "Rich" it affects businesses who are trying to make a living and those who work 60-100 hours a week in the corporate world.