Bend over, America. This is the government you voted for.
His new plan — basically the same one that received zero votes (for either party) the first time he submitted it — would instead raise taxes almost $3 for every $1 in spending cuts,which would raise a doubly-reasonable $1.6 trillion dollar in new taxes.
From Breitbart: In a shocking repudiation of President Obama’s “soak the rich” economic plans, Senate Democrats today blocked a vote on President Obama’s proposal to raise taxes on those earning more than $250,000 per year. Senate Republicans had proposed an immediate vote on the measure. In fact, they proposed two votes: one to extend the [...]
This chart from Strategas Research, posted by Jim Pethokoukis, puts the hikes into some very helpful context.
Of course, Obama’s idea of fair doesn’t exactly jib with what that word actually means.
I’m sure that Hillbilly Bill loves the class warfare aspect of the Obama Mega Tax Hikes on America’s most productive citizens and best job creators — but even Bubba is smart enough to know that it’s not only a dumb idea to raise taxes in the middle of a huge recession, but that it won’t work either:
Isn’t Air Force One pretty much the world’s largest and most expensive corporate jet? And doesn’t the Obama family pretty much use it like a typical slope-headed fly-over-country family use their mini-van?
Hell, I haven’t even seen any proof that Obama actually did go to law school (other than telling us that he did).