28 June 2011

Obama Pushes $600 Billion in New Taxes in Debt Talks


Like this is supposed to be NEW news?
President Barack Obama threw the talks on the debt ceiling crisis into turmoil on Monday afternoon by proposing a $600 billion tax hike before even meeting with Republican Senate leader Mitch McConnell.
Just as Democrats and Republicans seemed to be inching toward an agreement that would stave off the prospect of a default on the nation’s debts, Obama introduced a measure that is sure to have the GOP howling in opposition. 
"The Democrats’ insistence on touting their desire to ‘end tax breaks to oil and gas companies’ is becoming quite tiresome," wrote Andrew Stiles at the National Review’s website. "It’s basically their only specific new tax proposal, but would amount to saving of just $21 billion over a decade. That’s a long way to $600 billion." 
"The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate," wrote Bryan Preston at the conservative PJ Tattler blog on Pajamas Media. 
"It failed in a Democrat-controlled Senate, and with good reason: It’s a terrible idea. I was at first tempted to post a hoary old Admiral Ackbar – "It’s a trap!" graphic on this story, but it doesn’t really merit that," Preston continued. "Calling it a trap at least implies that the GOP might fall for it. Honestly, I don’t see that happening. So if it’s not a trap, what is this? For one thing, it’s the Democrats’ answer to everything. For another, it’s class warfare, which is also the Democrats’ answer to everything."
But what I REALLY liked was how Jay Carney (who reminds me of Howdy Doody in SO MANY WAYS) comes out with this:
White House Press Secretary Jay Carney announced the tax proposals after Obama met Senate Majority Leader Harry Reid on Monday morning. He is due to meet McConnell later in the day in a bid to find “common ground.” It is the first time the president has personally gotten involved in the debt ceiling talks.
Carney said the president is still hopeful that the two sides can come to an agreement but said Republicans have to realize that some taxes must go up. “It’s the only way to get it done,” Carney said. 
See my other post, “Obama’s Offical 2012 Campaign Poster”, for -- what I consider -- a really good perspective on things.

1 comment:

  1. This fraud has fought against our economic well being since he was consecrated. His latest maneuver, in French, is known as “coup de grace”. Translated it means: "the final blow”!

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