But that’s not going to happen.
The federal government has already shown that it can’t multi-task and combine thoughtful spending cuts with serious tax reform.
Thus Mr. Obama’s latest proposal to hike taxes on people who earn more than $250,000 is pure political theater, designed to help the president win votes in November in key swing states like Ohio and Pennsylvania.
That part isn’t hard to understand.
After the latest gloomy report on job creation, the president had to pull something out of his hat to show that he’s on top of things. So he relied on a tactic that’s an oldie but a goodie: Class warfare. Make fat cats the issue. Not the lack of new jobs.
The president’s tax proposal is dead on arrival in Congress. The Republican-controlled House isn’t going to go along with it. Neither are some Democrats.
In the end, expect Congress and the president to find a way to extend the Bush-era tax cuts that are set to expire for everyone at the end of the year. No politician who wants to keep his or her seat is going to sit back and let taxes go up for every American in 2013. That’s political suicide.
As far as a serious proposal to cut the budget deficit, Mr. Obama’s latest plan falls way short. Just do the math.
The White House estimates that the president’s tax hike would generate an additional $150 billion. The 2012 federal budget deficit is about $1.3 trillion. Unless Washington reins in spending and eliminates tax loopholes and other giveaways, ganging up on wealthier Americans doesn’t work. There aren’t enough rich people to soak.
It’s disappointing that such an important debate has deteriorated to this level.
America’s finances are in deep trouble. The economy is wobbly. Too many Americans are out of work.
Most voters want serious talk about taxes and spending. They don’t want Mr. Obama peddling snake oil cures, claiming that the way to prosperity is to make Americans turn over more of their earnings to the government. Likewise, they aren’t exactly warming up to Republican Mitt Romney either. His lack of specifics is troublesome.
Meanwhile, the clock is running out on another tax break that’s due to expire on Dec. 31, 2012. That’s the 2-percent cut on FICA taxes. No one is talking about how to extend this break. They should.
Yes, tax reform is complicated. Cutting spending can be painful. But the best way to have a serious conversation is to get serious. Not talk in platitudes.
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No, lets follow Obama's example of secrecy, deceit, and fraud by having a fraudulent birth certificate copy made by the liberal state of Hawaii, particularly since Obama is not a U.S. citizen with a real birth certificate. Then lets shred all of Obama and Michelle's college records, since that would expose their communist training and background. In fact, lets shred all their school records, going back to elementary school, because these records would show conclusively that he was receiving foreign student scholarships and aid. Next, destroy all records of Obama's first social security record, since these would show how he defrauded the government with a fake social security number. Then we'll shred all records of how he applied for his current social security record and replaced them with forged forms. How about college transcripts for Obama? News flash, they don't exist, having mysteriously disappeared. Then how about Obama's fund raising for his Illinois state senate seat? All those records have come up missing too. How about the mortgage on Obama's house? Those records have been altered as well, because Obama was given the money to purchase his home from union thugs, as an incentive to support unions. Now Google for how two men at Harvard were paid off by Harvard to go away and not tell the story of how they were sexually harassed by Obamba, during the time he was editor of the Harvard Law Review. There's much much more, all of which you will never see or hear in the lamestream liberal media. They are too busy getting Obama reelected and also digging up dirt on a 32 year old parking ticket that Sarah Palin's husband never paid. Yeah, Thurston, suppose we all follow the example of your beloved leader Obama? Lets get the IRS to find out exactly how many secret foreign bank accounts Obama and Michelle have in off shore banks?
Looks like someone is riding the "birther" train. Give my best to Dr. Orly Taits. Don't forget to wear your tin foil hat when you meet the secret spacemen in "Hanger 51". You can also deduct $80,000 from your taxes as a business expense for your "Dressage"
horse.
You call yourself a conservative! You forgot to mention Rev. Wright, Acorn and the New Black Panther Party. Did you notice that he is also a "Negro"?
Well what do you expect when you have a total amateur and narcissist in the White House.