MicroGroks
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 …
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, …
Blogline of the Day (version 1 – there’s another I have to “re-find”) – Bush tax cuts 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 …
Didn’t He Pledge To Cut the Deficit In Half By Now? What Went Wrong? Read More »
Neither President Obama nor Speaker Boehner tell the full debt story. They try to scare us by saying that if the debt ceiling is not raised, our credit rating might be lowered. But President Obama’s plans to increase our debt by at least $1 trillion annually for the foreseeable future is a bigger and definite threat to our credit rating. Our already significant interest payments won’t be affordable. China and credit rating companies warn us that we are creating too much debt. It is just a matter of time before our huge, growing debt to cause our credit rating to fall.
