The Republicans have indicated that they are willing to make concessions on the revenue side of the president’s “balanced approach”, but where are the corresponding recommendations from the president for discretionary and entitlement budget cuts that are needed to decrease the country’s rising debt, currently at $16.25T dollars?
The president is dictating that Congress increase the taxes on those making over $250,000, which of course will not affect the middle class in any way, and he and the Democratic Senate will make spending cuts at some point in the future. Yea, right!
The president is using the same technique used by the Democratic Congress on Reagan in the 1980s, promising that if the president raised taxes, they would make future cuts in spending. It never happened.
The Republicans need to follow the old adage, “Fool me once, shame on you; fool me twice shame on me.” This “Lucy from Peanuts” technique of pulling away the football at the last second from Charlie Brown has actually been used twice by the Democrats.
Besides, taxing only those who make over $250,000 will go just so far – about 8.5 days of President Obama’s $3.5B dollar a day addiction to overspending. It’s symbolism over substance to make his political base happy and to maintain his class envy that now divides the country.
Actually, the president is intentionally refusing to take a leadership role in picking the spending cuts, not wishing to anger his political base, so he wants the Republicans to do it, and then blame them. What a leader!
One entitlement, Social Security, has already been taken off the table by Democrats for cuts to future beneficiaries, a program that this year alone added over 11% to Obama’s deficit.
Now our dictator-in-chief is trying to take a page out of Egyptian President Mohammed Morsi’s book on how to run a country by demanding that Congress give up its constitutional right to consent to raising the debt ceiling in the future.
Obama has also doubled down on how much he wants to raise the taxes, so that he can now pay for his overspending for almost 17 of the 365 days next year.
Not only has the president refused to mention spending cuts, but he actually wants $50B in new stimulis spending, while they are trying to reduce the deficit. OMG!
The only leadership being shown by President Obama is how to jump off the fiscal cliff.