New Year. Same Obama.
The President got what he wanted. Higher taxes on the rich. Enough money to run the federal government for about five days. We still have a federal deficit north of a trillion dollars, and the new taxes will pay about five percent of that…if the bill didn't also contain about 30 billion dollars a year in new spending. And there’s the real problem. Spending.
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The Congressional
budget office says that this new plan adds about 300 billion dollars in new
spending over the next ten years. And
the President has promised…cross his heart…to cut spending sometime in the next
few months or years. Of course, he
promised four years ago to cut the deficit in half. Back then it was a trillion dollars a
year. It’s still a trillion
dollars. Social security and Medicare
are still insolvent. And the President
has given raises out to federal employees by executive order. Hollywood gets new bigger tax breaks. So does NASCAR. And Rum from Puerto
Rico. And two wheeled electric vehicles. And Asparagus farmers.
Oh, and by the way...When the President claims he didn't raise
your taxes…check your January 15th paycheck. Social security taxes on all workers go up
two percent…so if your family has income of 50-thousand a year, that’s a
thousand in higher taxes. If his lips
move…he’s lying.
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