Remember when Obama said this? Neither does he [Reader Post]
Way back in 2011:
On July 22, 2011 President Obama offered raising the debt ceiling last summer by closing loopholes and not raising taxes.
Way back in 2011:
On July 22, 2011 President Obama offered raising the debt ceiling last summer by closing loopholes and not raising taxes.
Instead of negotiating with Congress for a deal, Barack Obama is out there campaigning for his tax increase plans.
President Barack Obama is urging Congress to pass an extension of tax cuts for middle class families, saying a tax increase for them would be like a “lump of coal” for Christmas.
Two weeks ago a slight majority of Americans voted for more stuff from the government. There may have been other drivers, but that is the main one. Below is a quote whose origin is disputed, but it is particularly apropos:
A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.
Fiscal cliff:
“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect
Republicans should allow this to take effect. All of it.