As the battle for the Congress continues, the looming issue of the expiring Bush tax cuts and the AMT fix awaits as the #1 issue when Congress returns next month.
Of course ALL the tax cuts should be made PERMANENT and EXPANDED GREATLY along with of course MASSIVE entitlement cuts and role back of bureaucracy. This is the only long term fix for our economy and markets.
But yet we have Obama and adviser David Axelrod still clinging to the old, tired, class warfare game of tax cuts only for the "middle class" (a derogatory, Marx term by the way!) guaranteeing a showdown with Republicans in the lame duck session. Both of these mental midgets claiming that extending them would needlessly spiral the deficit, not stimulate the economy, and "cost to much" money.
Who do these idiots think they are fooling? Obama is worried about spending to much and blowing up the deficit?? Under his watch, it has gone up more than $1 TRILLION dollars a year and is expected to do so for the next 10 years and it his his philosophy, ideology, budget, policies, and WISH that cause the deficit to explode and tanking our country's economy. The massive expansion of the federal government and his radical hatred for this country in its current form is what drives Obama and all of the left.'
It is disingenuous and insulting to me and every other sane, educated citizen that this guy has the nerve to say giving you back YOUR OWN MONEY somehow is a bad thing and his continuing lie that tax cuts are a "Cost" for the government. No Mr. President, it is you and the bloated beast known as the Federal government and the massive expansion of bureaucracy and entitlements that have put us in this dangerous situation--much to your delight I am sure. And no Mr. President, not all "wealthy"people" are billionaires. Your "ceiling" on tax cuts is $250,000 a year. The last time I checked, $250k is NOT a billion! It is most often the income of a family living in a high cost of living area or a small business owner filing his income taxes under his/her own social security number. A business owner struggling to survive under an increasing crushing load of regulations and taxes and an unfriendly administration trying to snuff them out.
And if you think that ANYONE is safe from tax increases, think again! All of the spending and new, massive expansions of federal powers have already guaranteed taxes in one form or another on every citizen and the administration has said in the past that they would NOT rule out outright tax increases for EVERYONE.
Remember, we fought the Revolutionary War in part due to a 3% Tea Tax levied by the British Crown yet today we hand over 20,30, 40, 50% or more of our income and STILL we are told it is not enough and that we are greedy for wanting back what WE HAVE EARNED instead of having it stolen, laundered through Washington and used for unconstitutional purposes in an ever growing fashion.
One final thought, Obama and Axelrod are also rolling out the "mysterious campaign funding" tactic-trying to place doubt in fear in voters minds that Republicans are taking money from "foreign sources" and not disclosing where they are getting it. Again, pure hypocrisy as we see these stories. One from the 2008 Obama campaign and one from the current election cycle.
Again, classic Saul Alinsky tactics of divide and conquer, distract, and project your wrong doings onto your opponent because you have nothing else!!
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