When your family is broke, do you steal money from your neighbors, demand they should give you a “fair share” and spend more? Or do you cut spending? Why should it be different for the federal government?
Obama insisted on a “balanced” approach. But he cut nothing of his reckless spending and increased taxes on 78% of us taxpayers. Like a Mafioso, Obama sneered at Republicans and refused to negotiate. Instead, he went on a $4 million vacation and wasted $3 million more flying back to pretend he had worked hard for us. Do you know anyone who goes on vacation when there is an important deal pending?
Obama tried to bribe lawmakers by giving them a raise. He gave all his government employees a raise too. Is this a man worried about spending $1.4 Trillion dollars more than he takes in?
At 1.36 in the morning, Harry Reid allowed just 3 minutes for the Senate to read the 154 page Fiscal Cliff bill before approving it. It was loaded with tax breaks for the liberal rich. Instead of cutting, it increased spending.
Obama bragged he raised taxes on the “rich.” But, Obama didn’t raise taxes on rich liberal Millionaires and Billionaires from Hollywood, Media, Hedge Funds, Bankers, and Warren Buffet, who invest their money and receive dividend income or capital gains. They will pay only 15% on the millions they make. But if you earn $36,251 in 2013, you will pay 25%!
Hollywood and “Green Energy” guys who own wind farms and green slime projects even got extra tax breaks. Bernanke is printing another $48 Billon a month propping up the stock market so these rich liberals’ share prices stay up. This extra debt is creating inflation and guaranteeing the prices of our everyday necessities will go up. In sum, Obama’s actions help his rich liberal cronies and stick it to us.
Only small businessmen who are still working and hiring had their taxes raised. They will now pay a marginal federal rate of 39%, plus a 3.2% increase for Obamacare, plus a 2% increase in their social security taxes. In liberal states like California, New York and Illinois, the State income tax rates also went up. California’s to 13.3%. These federal and state income and Obamacare taxes ensure that businessmen will hire even less people and shift more people to part time.
You will lose because they will cut down your hours to less than 30 so they don’t have to pay for the extremely expensive ObamaCare insurance or pay the huge fine.
Every working person also got a tax increase because their social security taxes went up 2%, a $1,000 increase for someone earning $50,000. Gas taxes, already 45 cents per gallon, also went up. Sales taxes also increased. Los Angeles’ rate is now 9%. Most states also charge taxes on gas, LNG, electricity, refrigeration and steam, heating oil and telephone service. Check your utility bills. You are paying yet another set of taxes to “help the poor”!
Because of these tax increases, manufacturers and corporations will raise their prices. This affects you because the price of your everyday necessities, like groceries, milk, gas and heating oil, will go up. And you’ll have to pay increased Sales Taxes on those higher prices!!
Having killed coal, Obama is now targeting fracking, which was giving America a chance at real jobs and prosperity. This means we will lose more jobs.
Ultimately, those who lose the most are our young people. They are being saddled with an enormous government debt, (Obama is borrowing 46 cents out of every Dollar spent); already have huge student loans, (which cannot be wiped out even in bankruptcy); have no jobs; and Obama’s taxes will take away from them whatever they earn. They will never be able to climb the ladder of success and enjoy the American Dream.
Having punished almost all of us, Obama will go off to his $40 million Hawaiian palace and tell us everything is fine because he has “punished the rich”!!
Are we going to drink the Kool-Aid?