Whenever conservatives bring up the s-word in political discourse, indignant liberals recoil at the term. How dare you call us Socialists? Fine. Let’s make a deal. We’ll abide by a self-imposed cease and desist order on the socialism label just as soon as you guys explain this to the rest of us (see the final line item):
Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed “minimal or no interest” in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didn’t mention them, those reductions appear to be off the table now, McConnell says.
Obama is pushing to raise the tax rates on couples earning more than $250,000 and individuals earning more than $200,000. But those wouldn’t produce revenues anywhere near $1.6 trillion over a decade.
It’s a TRAP!
And Obama can promise anything he likes, but since he leads from behind and lets his minions do his dirty work they don’t have to follow through and it’s not his fault if they don’t. 🙂
And the media sure as hell won’t remember or care if he does. It is, after all, entirely the Republicans fault no matter what. 🙂
President Obama is insisting that any deal reached to avoid the fiscal cliff — a blend of across-the-board tax increases and massive federal spending cuts set to begin in January — should also include an increase in the nation’s debt ceiling, the amount the government can borrow to maintain its operations. The government is set to reach its current $16 trillion limit in a matter of months.
Spend NOW, talk about cuts later, much later, like 4 years from now when the debt is over $20 Trillion and that will be the Republicans fault (oh, and they raised taxes too!). The 2014-16 strategy is coming into place nicely.
House Speaker John Boehner, R-Ohio, who battled with Obama last year over raising the debt ceiling, said Republicans won’t agree to another hike without corresponding spending cuts at least equal to the increased borrowing authority. The White House called Boehner “deeply irresponsible” for insisting on deeper cuts in programs that will already be reduced by any deal on the fiscal cliff.
“Asking that a political price be paid in order for Congress to do its job to ensure that the United States of America pays its bills and does not default for the first time in its history is deeply irresponsible,” said White House press secretary Jay Carney.
Gee, I thought that price was tax increases and no real spending cuts? 🙂
But the strategy is working. The Ministry of Truth is out in force.
Neither side wants to be blamed for allowing tax increases and sweeping budget cuts to hit Americans still reeling from the recession in the New Year. A recent CNN poll shows 45 percent are ready to blame Republicans if a compromise isn’t reached; 34 percent would blame Obama.
ObamaCare Update: Food Tax Increase (and not on just over $200,000)
New Obamacare regulations targeting the fast food and grocery store market that require signs detailing calorie and nutritional information on every product will force pizza makers like Domino’s to post up to 34 million different signs in every store: One for every possible pizza order.
“It’s not like a Big Mac. Pizza is customizable, there are options to factor in,” said Jenny Fouracre-Petko, legislative director for Domino’s and a member of the trade group American Pizza Community. “There are 34 million pizza combinations. We’ve done the math.”
Ditto for the grocery stores, which are shifting to providing more fresh made and baked goods, said Erik Lieberman, counsel for the Food Marketing Institute. “Consider just one fresh-baked blueberry muffin. If one is sold, you need a nutrition sign or sticker. If a half dozen are sold, a different one is required. Same if you sell a dozen.”
Lieberman predicted that the new regulations being finalized by the Food and Drug Administration for chains with 20 stores or more will cost the grocery industry $1 billion. He said stores average 1,500 fresh made items each.
Fouracre-Petko said that just posting generic nutrition signs in Domino’s will cost $4,700 per location, senseless, she said, because virtually all Domino’s customers order by phone and get their food delivered, so most will never seen them. She said that 10 percent of pizza customers enter a Domino’s store. “Coughing up almost $5,000 for something like this will hurt,” she said.
Lieberman said that consumers will get stuck with the bill. “It’s one more cost consumers are going to have to pay for,” he said. (examiner)
But at least you’ll have Health Care and will have “fairness” in class envy and stuck it to the rich!!!… 😉
But how many will lose their jobs over it?
Elections have consequences! (and these were not unintended). 🙂