As a wise man said: Be careful what you wish for.....you may get it!
Candidate BO made a lot of promises in 2008. However, Pres BO is having a lot of troubles keeping them.
Let's take a look at that promise to terminate the so called Bush tax cuts! We remind you that candidate BO referred to them as "tax cuts for the rich"!
Incredibly, no one in the media challenged him.
Reality is doing what "the madly in love with BO media" refused to do.
What happens if you end those Bush tax cuts?
The answer is that you raise taxes, and you raise taxes for everybody not just the rich!
Let's check it out:
"A typical family of four with a household income of $50,000 a year would have to pay $2,900 more in taxes in 2011, according to a new analysis by Deloitte Tax LLP, a tax consulting firm.
The same family making $100,000 a year would see its taxes rise by $4,500.
Wealthier families face even bigger tax hikes.
A family of four making $500,000 a year would pay $10,800 more in taxes.
The same family making $1 million a year would get a tax increase of $53,200." (FoxNews)
It's simple! You can't tax the rich without having consequences on the middle class.
Worse than that, a lot of these so called "rich" are small businesses that create the bulk of our jobs.
Frankly, some of us warned about this in 2008. Sadly, there too many "yes we can" screamers so drunk with "hope and change" that they lost their common sense.
Do you understand now why Dems are running away from ending the Bush tax cuts?
How lonely is it getting for Pres BO these days?
A few days, Peter Orszag, the director of the White House Office of Management and Budget from 2009 to 2010, came out for extending the Bush tax cuts:
"In the face of the dueling deficits, the best approach is a compromise: extend the tax cuts for two years and then end them altogether."
This is astonishing. He was a key man in Pres BO's inner circle.
Mr Orszag is right to be concerned about the long term impact of these cuts in the deficit.
We should make the cuts permanent and reduce the deficit by cutting spending.
From GITMO to Iraq to the Bush tax cuts, the "yes we can" screamers are painfully learning that it was a lot easier to campaign than to govern.
Wonder how many are in the mood to show up at the next "yes we can" rally?
