In his latest "take it or leave it because I'm the emperor" offer to avert the fiscal cliff, Obama has dropped all the spending cuts out of his plan, asking for $1.6 trillion in tax hikes coupled with a permanent end to the debt ceiling. [link]
There is absolutely no reason for the Republicans to accept that deal. Even the sequester that results from going over the fiscal cliff itself (which would repeal the Bush tax cuts while cutting $1 trillion in spending) would be a better compromise than Obama's latest proposal. So that's it. Thanks to Obama's hubris, we're jumping off the fiscal cliff head-first.
In fact, it doesn't matter whether we adopt Obama's $1.6 trillion in tax hikes or just let the sequester happen- either one will send us into a recession.
So that's it- a major recession is inevitable. If you voted for Obama, you deliberately voted to crash the economy. Are you happy with yourself?
In his latest "take it or leave it because I'm the emperor" offer to avert the fiscal cliff, Obama has dropped all the spending cuts out of his plan, asking for $1.6 trillion in tax hikes coupled with a permanent end to the debt ceiling.
False
This is why you should stop getting all your information from a website called hotair... Obama's proposal is to have talks to decide the amount of increase on the highest 2% of erners, and to keep the cuts for the 98% of the nation below that level. He has also put changes in entitlement programs on the table. The only thing keeping negotiations from continuing is the refusal of republican leaders to even acknowledge that a combination of both spending cuts and tax increases on the wealthiest Americans is the only way to make positive fiscal gains.
Funny, last week it was 1%. Now it's 2%? So I suppose next week it will be 3%, and so on, until tax hikes catch up with the exponentially rising spending, right?
You're really fooling yourself if you think the 98% are safe from the rapacious greed of the Democrats.
Actually it was never 1%. It has always been raising taxes on individuals making over $200,000 or families making over $250,000. Those people make up about 2% of earners. That's what it was in the election, and that's what it is now.
There is absolutely no reason for the Republicans to accept that deal. Even the sequester that results from going over the fiscal cliff itself (which would repeal the Bush tax cuts while cutting $1 trillion in spending) would be a better compromise than Obama's latest proposal. So that's it. Thanks to Obama's hubris, we're jumping off the fiscal cliff head-first.
In fact, it doesn't matter whether we adopt Obama's $1.6 trillion in tax hikes or just let the sequester happen- either one will send us into a recession.
So that's it- a major recession is inevitable. If you voted for Obama, you deliberately voted to crash the economy. Are you happy with yourself?