We are living in an age of unbridled fraud. The mainstream media is a fraud. The Democrat Party is a fraud. Barack Obama is a fraud. The Federal Reserve is committing fraud. The liberal ideology is a fraud.
The latest and most immediate fraud perpetrated on the American people is the myth that Barack Obama wants to maintain the Bust era middle class tax rates for those earning less than $200,000 (or $250,000 per married couple) while making the rich pay their "fair share." The truth is that Obama is interested on achieving one of two outcomes:
1) Force Republicans in Congress to betray their principles and vote to raise taxes, or;
2) Careen off the Fiscal Cliff resulting in skyrocketing taxes on every taxpayer in the country and plunge the nation into a deep recession.
The reality is he doesn't really care which of the two outcomes, in fact, occur. His either wants to force the Republican Party to betray its constituent and violate its principles or raise taxes on everybody.
There is ample evidence to demonstrate this case. Obama is demanding a marginal tax rate increase and not the closing of tax deductions. Why? Because reducing deductions won't raise enough in taxes like Obama stays? Really? How much revenue would reducing deductions raise? What would the act of raising tax rates have on the economy? On employment? You see, Obama and the Dems don't care how much taxes go up. The don't care if it hurts the economy or drives up unemployment. They want Republicans to vote to raise taxes!
We've seen this charade before. Remember George H. W. Bush's statement, "Read my lips. No new taxes." The Dems in Congress created a budget crisis with the assistance of a complicit media in the name of reducing the budget deficit. They demanded a tax increase in exchange for spending cuts. Bush caved. The spending cuts never happened. And the Democrats campaigned for years that the Republicans betrayed their principles and raised taxes. Bush was irretrievably wounded and the Republicans were destroyed in the 1992 election. Its the same old scam now. The Republicans remember this. They will not cave.
The end result will be a disastrous plunge off the fiscal cliff. Every taxpayers' taxes will go up. Over 30 million taxpayers will be force to pay higher taxes subject to the Alternative Minimum Tax (another Democrat scheme to make the rich pay their "fair share"). Taxes on capital gains will go up. Taxes on dividends will go up. The damage to the economy and employment will be astounding and the amount of revenue the government brings in will be a fraction of what they project. But that doesn't matter to Obama and the Democrats. They want crisis. They want dependency. They want your money. They want power.
And the corrupt mainstream media will be the band at the party.
Wednesday, November 14, 2012
Subscribe to:
Posts (Atom)
