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Democrats have told so many lies about taxes and the fiscal cliff that they apparently felt compelled to extend, but not further reduce, the Bush tax cuts on incomes below $400,000.
After ten years of claiming that the Bush tax cuts were only for the rich (a lie), that they caused the deficit crisis (a lie), and that the Clinton tax rates were wonderful (fiction), why didn’t President Obama and other Democrats just let the Bust tax cuts expire and revert to the Clinton era tax rates?
Over at Instapundit (emphasis mine): “For ten years we have been told that the Bush tax cuts applied mostly to the rich. Now it is imperative that we extend them further or the middle class is going to take a big hit.” It never really turns out as Liberals / Progressives / Democrats yammer about, … Read more
Four years ago, President Obama said, “… I’m pledging to cut the deficit, we inherited, by half by the end of my first term in office”. (See for yourself, at about 1:30 in.) Reported today: “The Congressional Budget Office made it official today, projecting a $1 trillion-plus budget deficit for the fourth straight year”. What … Read more
To the Editor:
Both President Obama and Speaker Boehner failed to deliver acceptable proposals for raising the debt ceiling and both failed to explain the real situation to the American people.
President Obama hasn’t provided specifics for a plan, he makes no real attempt at compromise, his desired taxes on “the rich” provide a minuscule income, he continues to lie about the Bush tax cuts which actually increased tax revenues and shifted more of the tax burden to the rich, and he continues to threaten seniors and financial catastrophe. (We hear similar threats every time our leaders try to pressure our representatives into doing bad things.)