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  • Morning Bell: The Obama Tax and Spend Threat to Economic Recovery

    Remember President Barack Obama’s promise to the American people not to raise taxes? Forget about it. While the President has already raised taxes on cigarettes and tanning beds, none of that compares to what could happen in January. If you earn income, your taxes are about to go up. If Congress does not act to preserve current law, even the lowest 10 percent bracket will rise to 15 percent. Throw in tax hikes on capital gains, dividends and other tax code fixes, and the American economy is staring straight down the barrel of $3.2 trillion tax hike over the next ten years.

    It doesn’t take a genius to realize that raising taxes by $3.2 trillion dollars would be an economic recovery killer. Even Sen. Evan Bayh (D-IN) admitted to CNBC yesterday: “We don’t need to raise taxes now.”

    The tax raising culprit here is the expiration of the 2001 and 2003 tax cuts set to take effect on January 1, 2011. The leftist majority in Congress is refusing to extend current law because they believe that these tax cuts are the cause of our trillion dollar deficits. They are wrong. Heritage Foundation research fellow Brian Riedl explains why in today’s Wall Street Journal: With Washington set to tax $33 trillion and spend $46 trillion over the next decade, how does one determine which policies “caused” the $13 trillion deficit? [President] Obama could have just as easily singled out Social Security ($9.2 trillion over 10 years), antipoverty programs ($7 trillion), other Medicare spending ($5.4 trillion), net interest on the debt ($6.1 trillion), or nondefense discretionary spending ($7.5 trillion).”

    The real cause of our nation’s debt problem is spending. According to the Congressional Budget Office (CBO), extending all the 2001 and 2003 tax cuts will place revenues at 18.2% of gross domestic product (GDP), which is actually above the 18% average over the past 50 years. Meanwhile, spending, which has averaged 20.3% of GDP over the past 50 years, is set to explode to 26.5% of GDP by 2020. These spending increases are being driven by our entitlement programs (Social Security, Medicare and Medicaid), which along with net interest payments are projected to rise by 5.4% of GDP between 2008 and 2020.

    The leftist majority in Congress has had years to address this impending economic disaster but have refused to act. Last month, the House leadership announced that for the first time in the history of the budgeting process, they would not set a budget this year. And not only are they refusing to set any limits on their own spending, but now they are even talking about punting the tax issue into December so that they can raise our taxes without having to answer to the American voter. Sen. Tom Harkin (D-IA) told The Hill earlier this month: “It’s not going to get done before the election. The lame-duck session is when all of this is going to get resolved.”

    And the end of the 2001 and 2003 tax cuts are just the beginning of President Obama’s tax hike spree. The Obama administration’s budget also calls for higher taxes on small businesses, higher taxes on energy and higher taxes on American companies that compete overseas. Speaking about the impending tax hikes on CNBC last night, House Minority Whip Eric Cantor said: “We should over the next three weeks focus squarely on small businesses and say right now, make sure we’re not going to raise taxes this year, the way the administration continues to talk.” Sen. Bayh not only agreed with Cantor, he even went a step further: “To Eric’s list, I would add some of the increased taxes on companies that do business overseas. We don’t need added uncertainty, added burdens on business right now.”

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    49 Responses to Morning Bell: The Obama Tax and Spend Threat to Economic Recovery

    1. Turner, Massachusett says:

      Spending cuts are COMING! I promise and it will be in our military! Americans think we will remain militarily superior. If that is the case we are the anti-Christ's army. Instead, the US military is about to be reduced in the name of "budget cutting", thus rendering us vulnerable and unable to defend ourselves or Israel. For the first time in history, Israel is about to fall to the deception and let their arms down on the conditions of peace. Meanwhile, the opposite forces will build up and lie about these efforts readying for the take over of that little piece of land. Heck, since Islam says Mecca is the location of their Lord and Prophet, why not let them have that and let the Israelites have Israel? Problem solved, no, they really wish to kill them completely.

      Daniel 11:22 says, "Armies will be utterly swept away…even the prince of the covenant."

    2. david turney says:

      just another step to destroy this country by OBAMA he hates america he and his wife never have been proud of this country his actions speak louder than his words well we asked for CHANGE now we are getting it americans should have listened when we heard that OBAMA sat and listened to JERAMIAH WRIGHT for over 20 years who spew hate for america and when out of OBAMA`S own mouth he said when he was at harvard OBAMA gravatated to the MARX`S PROFESSORS IF OBAMA WAS ON OUR SIDE WHY DO WE HAVE TO FIGHT HIM ON EVERY ISSUE OBAMA IS OUR PROBLEM NOT OUR SOLUTION

    3. Mary, WI says:

      This admnistration and the democratic party are ruthless, reckless and forever "stuck on stupid". I try to imagine what this country will be like in the next coming years and it is nauseating.

      I might add that, surfing cable TV last night we came on Chris Matthews, Hardball show. He was rude and demeaning to Heritage Foundations Mr Sherk. Typical liberal bullying. They listen to no one with views other than their own because they aren't smart enough to even consider what the opposition is saying. You folks need to get out there more and more and talk above the liberals loudly just like they do to their opposition. Makes me want to throw a brick at the TV sometimes.

    4. mamazeta, Indiana says:

      Can we impeach him now?

    5. Rich - NJ says:

      The USA is suffering from a Parasitic infestation. If it's not stopped, the host will die. The USA is currently dying from this overwhelming infestation. What was once OUR government has turned into a parasite itself, which gets full support from the other parasites it has nurtured.

      The act of 'Voting' has become a folly. Both those that represent the host and those that represent the parasite are considered equals. What kind of scam is this?

    6. Jerry, VA says:

      Article I. Section 9 of The Constitution of the United States declares, "No Mone shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time." It seems to me that actions by the current Congress are a willful violation of their enumerated powers.

      Is not one definition of treason, "a violation of the allegiance owed by somebody to his or her own country,"? Did they not all swear an oath to uphold The Constitution? According to Article I. Section 6, treason is one of the designated crimes for which a congressman could be arrested.

      . . . in my perfect world.

    7. Blair, Franconia, NH says:

      Tax and spend. That's all Obama, Pelosi, and Reid, do. It's going to bite them in the

      ass in November. Obama ran on "Hope and Change." That won't cut it now. I must

      say that he's not going to be re-elected. The American people have lost faith in him

      and he's going to lose the House, and probably, the Senate, too. Robert Gibbs, his

      Minister of Propaganda, (I mean press secretary), said that there's a good chance the

      Democrats could lose the House. It looks like the Democrats could lose the Senate

      too. Harry Reid's poll numbers are in the toilet. Why would Obama want to sue Arizona over its immigration law? Because he has a tin ear.

    8. William H Adams , Ho says:

      We need to start reframing the way we describe our political opponents. In your morning bell you describe the Democrats as leftist. They are leftist, but let's tell the truth as to what they trully are. They are SOCIALIST AND COMMUNIST!!! TAKE OFF THE GLOVES!!!

    9. Barry N. Schmidt says:

      The "news" about tax raises is no "news" at all. Conservatives have been talking about the impending tax-raise debacle for years. I seriously doubt ithat any income tax bill will be dumped by Congress. There are too many voters who do not pay any serious income taxes, and therefore don't care about any proposed raises in income taxes, or increases in capital gains taxes for that matter. Their income tax "hits" would be minimal when compared to those increases that we "rich" voters face; as a result, don't expect this mass of low/no tax voters to be interested in writing their Congressmen to protest any tax increases.

      With higher taxes on small business and energy, two more nails will be hammered in to the U.S. coffin. Don't tell me that Obama is not a Socialist. His actions speak for themselves.

    10. Paul McComas, Tucson says:

      The current administration is not thinking about the Country. They are concerned with the socialist agend and the party line. I hope and pray that people do not forget come Nov. elections.

    11. Robert, North Richla says:

      Reporting Federal spending as 20.3% (average) of GDP is very misleading. Federal mandates to the states have ruled the day for the last 45 years. The federal government mandates the majority of state, county and local expenditures causing those governements' taxes and debt to increase catastrophically. Total government (federal and state) spending is currently at 43% (2009), and if this administration is unchecked, will soon be 48%. Our constitution is rendered completely void at these levels of government spending.

      That number (percentage) equates to the total taxation on our economy.

    12. John Rosa, Concord says:

      As a conservative I would like to know why if President Bush's tax cuts are still in affect are we in such financial difficulty? And if this is where we are with the cuts heaven help us down the road.

      John Rosa

    13. Prudent Man, CFA says:

      Isn't it about time we tax the Casinos and retail operations on Indian Reservations? They are ripping off the other taxpayers while making fortunes.

      We could also tax the Foundations, especially those in the Ivy League, who employ political hacks. Ouch! That is the Heritage Foundation, also. Time for the rich kids' toys to carry their weight.

      As a Libertarian/Conservative, and have been for over fifty years, I see it as a time we end the hypocrisy of the Left and Right think(?) tanks and their skimming from the top of the economic deck.

    14. J. Guidry, Battlefie says:

      Was there really any doubt that this president and his "progressive/socialist" administration would actually not raise taxes? Must be the same folks who ignorantly voted him into office. The president touted how he would raise taxes in an interview prior to the election. He is doing what he said he would do on that front. He is also attempting to "fundamentally transform" this nation, not in a good way for the American people.

      I very seldom agreed with Bush and his policies, but I am missing him now.

      Vote all liberals and RINOs out in November. Let's get this country back from the liberals and their destructive agenda.

    15. Dennis Georgia says:

      Tax and spend, that is the way of a socialist style "guvment". The uncontrolled spending is what has killed this country and its economy. Spending must be gotten under controll, the give away programs must be controlled, the illegals that obama and crew want so much is another drain on this country. They pay no taxes and yet get all the benefits that have beed fought and died for from us the AMERICAN CITIZEN. WE MUST TAKE BACK OUR COUNTRY AND THE GOVERNMENT.

    16. Richard Cancemi, Arl says:

      Obama's hands are poised at America's throat, ready to squeeze the life out of what remains of our economy and hence the USA! Progressives want a "Brave New World" for us, a life of slavery to the state.

      Republicans also have failed the American people by their self-serving. They sit on the sidelines and wait for their opportunity to sit on the throne of power. The end-result is the same for John Q. Citizen.

      As long as we do not have term limits, there is no incentive to shrink government growth and power. "Service" has been taken out of public office and replaced with "ruling by the Lords of Congress" over the American people. They have created a separate class for themselves because of the lack of term limits.

      The public repeatedly allows itself to be seduced by rhetoric that bears no resemblance to the acts of these "ruling elitists". We now exist for them; they do with us as they please; we have become their chattel.

      Is this any different than the Aristocracy and King George III against which we rebelled in 1776?

    17. Dale Parrish, Fort W says:

      I've come to the point to where I do not believe Obama really cares about the economic recovery . . . it is all about wealth redistribution.

      More taxes and more spending is how the "transformed" government redistributes wealth.

    18. Gary Alaska/Nevada says:

      I believe it was Cloward and Piven, who stated the way to destroy Capitalism, the Free Market Economy, is to grind it between Taxation and Inflation. Now we see the Taxation portion, with Inflation just starting to become apparent. You'll notice the price of food, etc, all increasing a couple percent a month. The buying power of the USD is down 30%, slow, so people won't panic, until the trap is sprung.

    19. dempster holland, St says:

      When the Bush tax cuts were enacted, it was well known that they would expire at the end of 2010. So much for the argument that businessmen need certainty–they have had it for ten years. Secondly, the reason that the cuts expire in 2010 was that that enabled the ultimate cost not to be so high. Third, ending the cuts is not "increasing" taxes; it is merely ending a period of reduced taxes. The rich should stop whining and be more concerned with the future fiscal health of the country. In other words, a litttle patriotism would be in order.

    20. toledofan says:

      It's one crisis after another and each one causes more damage to our country, our economy or our our freedoms; it's like the entire Democratic Party has become the party of anti-Americanism or the Socialist Party of America. No matter which side of the isle, it is almost unbelieveable, to see an American Presdient and Congress inflict so much unnecessary pain and suffering on their constituents because of politcal motivations. The next thing that's going to get everybody tied up in knots is the finance reform bill; it looks to me like the unintended consequences of this bill are going to hurt more than help and we still don't have any reins on Fanmnie and Freddie. Healthcare costs coupled with the finance reform and added taxes spell disaster in the making.

    21. john Arizona says:

      BHO breaking a campaign promise? Tell me one promise that he's kept!!

    22. KLIMAX Baltimore, Ma says:

      NObama is trying to beat down the middle class so they will go along with anything He says !! Americans have become "Fat, Dumb, And lazy" when it comes to political issues that will have a tremendous impact on them !!! America needs to "Wake Up" and take a hard look at the direction OUR Country is headed before it is to late to change directions !! Just the Amnesty issue if passed will cripple OUR economy and drive the costs of entitlements sky high with the natural born tax payers paying the freight for the entire costs with studies proving that 95% of the people receiving Amnesty will be in the lowest tax bracket which do not pay any taxes and receive several Government Give Aways !!! ATTRITION THROUGH ENFORCEMENT NOT AMNESTY EVER !!!!!

    23. Elizabeth Caron,Rayn says:

      Half of the things you said are untrue. Conspiracy theorites and crazies abound, just look at the tea party. Fox News pushing the Republican agenda passes false news and poll numbers trying to influence people to their way of thinking and get the minority party back in power. The economy was tanking after 8 years of the Bush administration so what makes them think that if they get back in power things will get better. They're the ones that got us here in the first place.

    24. Carol, AZ says:

      Add amnesty to the current fiscal run away train and ask ,

      "Do you think AZ may have gotten this correct to enofrce the laws over illegal immigration? "

      If What is happening to AZ does not speak to your social consciousness there, Just remember,

      If it can happen here , your State is next.

    25. Dominick J. Golio says:

      Let's not forget the tax hikes people will face at the state level as well in addition to the Federal burdens. Most big spend states are broke with substantial obligations to the public employees that must be paid by Joe The Taxpayer who will soon be bankrupt. Please see my recently published book "Bankrupting Joe The Taxpayer" that covers most of the programs your organization advocates.

    26. Christine Conley, Ba says:

      I am beyond disgusted and beyond terrified at this current situation. I live in South Louisiana and work in the petrochemical industry. My entire family is in oil and gas: upstream, midstream and downstream. This moratorium is a bunch of hogwash. Why doesn't Obama respect the judge throwing the previous moratorium out? Even Mary Landrieu, who has been conveniently quiet recently, just said she is "outraged" by it. Really, Mary?? YOU are outraged? You sided with Obama on everything else? This is hitting a little too close to home, isn't it?!

      Let me know what I need to do to help get this Muslim, socialist/marxist wannabe out of office and to change the guard in Washington. I am a single mother of a 3 year old, I have a Masters degree, am a homeowner, and have a good job. I pay my bills on time. I pay taxes. Why am I feeling my back breaking under this weight? ENOUGH IS ENOUGH!!!

    27. Carol, AZ says:

      RSVP; D. Golio

      "Our organization advocates?"

      Perhaps this was not meant for my post and certainly ,

      no hard feeling here," or you may have us confused with CA.

      We have been fighting for months to secure our broken border.

      We have a full blown NARCO WAR going on for months.

      This spill-over of violences touches every major city in America for drug profits.

      OUR ATM MACHINE for all entitlements for illegal's and fleecing America has been shut down

      My question to you there is , WHAT are doing about it in your State?

      My question to you as we bend over one more time with two major lawsuits to defend by the FED Gov't , who has slamed us with a Fed. hammer ,

      where is the rest of America.?

      AZ, has always stated we have a National Security crisis here.

      All Intel has been sent to all Federal Agnecies who have been assigned to protect America since 911 all ,ignored.

      I understandt this Intel has also been withheld from you, from most media.

      Do you realize there that POTUS gifted money just recently to the corrupt , MX to help them fight their Catel war ignoring all help here.

      Do realize there that we have more kidnappings in PX , the second highest in the world, which includes all the Arab counries that no one seem to care about in D.C.

      Does that sound like terrorism to you there. .

      We Dominck, are the mirco snap-shot that the rest of America is becoming.

      If POTUS ever attempted to impose amnesty on America , YES impeachment proceedings will begin.

      What he has done to AZ is treason .

      If our border are ot secured, America is not secure..

      My question is to you , IS once again ,

      " what are you doing in your State to STOP this insanity."

      We have been fighting for months protecting you and we have never been wrong about this issue.

      This is not about a little law ,

      It has always been about National Security and the corruptive actions of alll agencies that head our Gov't. .not to protect the rest of us.

      I'll be certain to read your book after the storm.

      No Amnesty , fiscal responsibility …

      and AZ thanks the Tea Party for your support

    28. Pingback: The Obama Tax & Spend Threat to Economic Recovery

    29. Theodore Harrison says:

      What do you expect from a socialist dictator?

    30. Dwana Townsend Harve says:

      Whatever happened to: "Let me make myself clear! If you earn less than $250,000 a year your taxes will not go up!!!"

      Stuck on Stupid is so right. Doesn't anyone up there have enough common sense to know that if you raise taxes, there will be less sales, less disposable income (not that there is much of that these days), and so we make the poor poorer and the Washington elites won't even feel the effects because they are all tax cheats anyway.

      Do they think this will be incentive to create jobs?? Can they really be this dumb? I feel like I am watching "Dumb and Dumber".

    31. David C. Abbott, Mob says:

      I pastor a Church in Moss Point, MS and about 7 miles away in Pascagoula, MS the local police unit providing security for the Gulf spill clean-up in our area confronted several men video-taping what appeared to be the beach area. This was approximately four weeks ago; and, the men told the officers they were covering the oil spill recovery. On further investigation of the men — on site — the police discovered that the men who were video-taping, who INCIDENTALLY were standing near a large oil refinery with huge petroleum tanks and large piles of nitrates, were actually muslim men working for Al Jazeera, the Middle East Muslim broadcast TV station. Oh, and I am positive they were all the way over here filming a documentary on oil spill recovery! THANK YOU LAW ENFORCEMENT FOR YOUR ALERTNESS AND WILLINGNESS TO STAND BETWEEN US AND THE ENEMY, WHEREVER THEY MIGHT BE FOUND — IF EVEN IN OUR OWN BACKYARDS! I have no doubt those men, or others like them, will be back to finish their mission.

    32. Lil, San Diego says:

      Can Obama be recalled? Talk about "stuck on stupid;" but, I think it is even more egregious, I am convinced this person has a deep and abiding hatred for this nation and he is doing everything in order to destroy this country which has GIVEN him everything, both to his wife and his daughters!

      I see the witless continue to worship the false god!

    33. Scott Boise ID says:

      It is instructive to study oppressors. Vladimir Lenin said, "The best way to destroy the capitalist system is to debauch the currency." And, " The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." (Familiar themes anyone?) Whether you believe Obama and his ilk are Communists or just indescribably incompetent – it makes little difference. The net result will be the same – the destruction of our way of life, our liberty, our citizenship, and ultimately our dignity as sovereign individuals.

    34. Mike ONeal says:

      Please stop calling Social Security an entitlement program…If I must pay into a program to receive a return than it is not and entitlement… entitlement programs are like welfare and parity for framers things that people (citizens) have given themselves without putting anything into the system. This is not so for SS..just because it has been systematically robbed for decades and is now broke and must call its IOU's in from the Feds, does not make it and entitlement..We have all loaned money to a friend and at some point ask for it back.

    35. John Berger, Hartfor says:

      BHO is a world socialist at heart.

      This manifests in two ways:

      1. Within the U.S., he believes in the redistribution of wealth under the fundamental premise that the rich could have only got there via incredible good fortune or some nefarious scheme. Therefore, their wealth is undeserved and should be redisributd to those who fortune didn't bless.

      2. He also believes that the U.S. is no better than any other nation, and again, achieved its lofty economic status unfairly. He totally rejects the notion that free enterprise, hard work and capitalism provided the foundation for where America sits in the world order.

      Thus, one of his underlying philosophies is to dismantle/weaken capitalism so that the U.S. lowers itself to the rest of the world.

      He can accomplish both goals by raising taxes, especially on the rich, and thus impede or even destroy the creation of wealth (i.e., the total market capitalization of U.S. free enterprise.) which will simultaneously redistribute wealth both in the U.S. as well as the economic miight of the U.s relative to other countries.

      His final tenet is that the federal government, especially his hand-picked administrative team is smarter than the U.S. citizenry and, therefore, fully deserving of the power they seek to impose on the rest of us.

      Now, I can't speak for others, but my IQ (175) is higher than BHO's by a good 45 points (3 standard deviations), perhaps more, and higher than anyone in his administration. So if we're using smarts as a guide, why shouuld I listen to anything they say?

      This man is dangerous, because he is an unconscious incompetent, i.e., he doesn't know anything and, worse, doesn't know it.

    36. A. K. Fassett, 807 L says:

      What I don't understand is, why can't the group that went to court over the 1st Moratorium, go to court again over the revised Moratorium?

    37. Ralph, No Va says:

      If this article doesn't scare you nothing will:

      2011 W-2 Tax Forms and Obamacare

      Should you want to verify this, go to http://www.thomas.gov/, enter "HR 3590"

      in the search box and look for "CRS Summaries." This is what you'll find.

      Title IX Revenue Provisions Subtitle A: Revenue Offset

      "(Sec. 9002) Requires employers to include in the W-2 form of each employee

      the aggregate cost of applicable employer-sponsored group health coverage

      that is excludable from the employee's gross income (excluding the value of

      contributions to flexible spending arrangements)."

      Starting in 2011 next year the W-2 tax form sent by your employer will be

      increased to show the value of whatever health insurance you are provided.

      It doesn't matter if you're retired. Your gross income WILL go up by the amount

      of insurance your employer paid for. So you'll be required to pay taxes on a larger

      sum of money that you actually received. Take the tax form you just finished for

      2009 and see what $15,000.00 or $20,000.00 additional gross income does to

      your tax debt. That's what you'll pay next year. For many it puts you into a

      much higher bracket. This is how the government is going to buy insurance for

      fifteen (15) percent that don't have insurance and it's only part of the tax increases, but it's not really a "tax increase" as such, it a redefinition of your taxable income.

      Also, go to Kiplinger's and read about the thirteen (13) tax changes for 2010 that

      could affect you.

      No one is talking about this!!!!!

    38. Pam, Colorado says:

      1776 Taxation without representation, we need to mutiny! Everybody wants to do something but I see no other way. HELP US

    39. Ellis W. Moses says:

      Spend, spend, spend. Maxine Watters is a typical example of why we are financially destitute. Seems she added some $30 million annually to the federal payroll with her addition of diversity czars in each of the newly created financial regulatory overseeing departments! No amount of tax increases can keep up with the spending.

    40. joan ct. says:

      Social security, was paid into by working US citizens, but is now given to those who paid zero dollars. The program, that started in the 1935, stated that the funds were to be put into a trust, however our greedy politicians could not keep their sticky fingers out of it. It was never allowed to grow as it was designed to do . Now, all we have are useless IOU'S and useless politicians! To call Social security an entitlement is wrong. An Entitlement program, is the handing out benefits in Welfare, rent, food stamps, medical care and other subsidies to legal citizens in need, but our free spending politicians , now extend these programs to illegal aliens. How nice of them ! The politicians ,will not close our porous borders, which is an open invitation, to sneak in to reap the goodies, they think the pols are giving them. The Politicians are trolling for votes and are using our tax dollars to get reelected. Please do some research to find out who the Senator and House member is in your area, look at his or her voting record. In most cases, they are voting for themselves, and their lobbyist backers, and to H–L with the people they were elected to represent. Lets send a message in November. Vote in person or by absentee ballot— just be sure to vote wisely this time.

    41. susan w. horne says:

      I would like to remind everyone that years ago when we were asking the government if they were using our Social Security money as a so called slush fund. The answer was no we are not using your Social Security money! Also how many years have we had to prepare for the baby boomers retiring? I think that these Congressmen and Senators stay in their government jobs so long and get so use to a endless source of money (our money) that they lose touch with reality. They do not seem to know what a budget is nor have common sense.

    42. Pingback: Morning Bell: The Obama Tax and Spend Threat to Economic Recovery … « President Barack Obama

    43. Lloyd Welch in NC says:

      I am sick and tired of hearing that the Bush admin caused all thes troubles. The democrats have been in control of congress. The only thing is they had a republican president that would have vetoed all this crap they have passed in the last two years. let me say that Bushes presidency was not an unbroken line of sucess but this is really getting riduculous.

    44. Pingback: Morning Bell: The Obama Tax and Spend Threat to Economic Recovery … : PlanetTalk.net - Learn the truth , no more lies

    45. Robert, PA says:

      “Third, ending the cuts is not “increasing” taxes; it is merely ending a period of reduced taxes.”

      Do you realize how foolish this sounds? Taxes will go up so it is a tax increase!

    46. George, California says:

      My gut feeling is that what is happening between the Current administration and the Congress is un-Constitutional and has got be addressed somewhere in the Constitution, but I am not a scholar of the Constitution and don't know this for a fact. Is anybody looking into this and preparing to do something about it or is all of the commentary and complaining empty talk?

      The current occupant of the Oval Office doesn't seem to give two hoots about "constitutionality" and he surely doesn't give a hoot about empty talk.

      Somebody ought to see to it that the Kenyan and his puppet master, Soros, are thrown in jail, at least, and any policies and actions implemented that are un-Constitional be made null and void.

      I look forward to November reprisals, but fear the "lame ducks" and what they will do with nothing to lose.

    47. Scott, Montana says:

      You want to stop the 'lame ducks', then we need to remind them that once they are out of political office, they have to live with the rest of us; and like the rest of us, will have to live with the policies that they have put into place. Far too many of them think that they are immune to the policies that they are implementing. They don't think that they will be affected by them. Well, guess what. SURPRISE!!! When they leave public office, they are just another private sector citizen, just like the rest of us. No more government sponsored immunity from thier actions. Taxes, Health Care, Cap & Tax, and everything else that they have put into place will come back to haunt them.

      Maybe if they were 'reminded' of this fact, they'd consider their actions a little more carefully. I doubt it though. They keep thinking that Obama will manage to pull some rabbit out of his @$$ and save them from losing their jobs. They are so far removed from reality, it's pitiful.

    48. ~,MI says:

      The only entitlement program is so-called “Affirmation Action”

      All other programs (Social Security, Medicare parts A, B, D (drugs) require premiums be paid. For SS payouts 40 quarters of fulltime work is normally required.

      $500 billion owed to Medicare recipients has been used so taxpayers can subsidize Obama rationed Health care. Which is why the work "Medicare" doesn't show up on the White House website or any where else.

    49. P, NY says:

      This article explains why many people in this country say crazy things like Obama has his hands on the throat of America, or that he hates America. The writer says that Obama campaigned on reducing taxes, except for the top 2% of earners (people making over $250,000). Now, he wants to CONTINUE the so-called "Bush tax-cuts," except for the portion of income above $250,000. He's not breaking a campaign promise, and he's not raising taxes for the lowest 10% bracket. The Republicans refused to even vote on the issue unless the taxes were continued for all (i.e. income above $250k). Instead of using this as a weapon to hurt Republicans at the polls, the Democrats moronically linked the bill to other agendas, thereby making a mess out of the whole situation. But the take-home is… the writer is completely misleading people… Obama pushed to continue the Bush tax cuts for everyone… except income over $250k… which is exactly what he campaigned on. There's no nuance beyond that.

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