President Obama is blaming the Republicans for the sequester despite the fact that he’s campaigned while Rome burns, acting like an outsider running against Washington rather than being its chief executive officer when frankly it was all his idea in the first place. Republicans are worn out dealing with him because they can’t and won’t raise taxes every time they need an executive signature on a bill. They let the wolf’s nose in the door as a concilliatory gesture and the wolf wants to be let all the way in, body-part by body-part. The House Republicans said they’ve compromised enough.
Not only did they compromise, they gave him the revenue for a player to be named later back in January. This is the proverbial player to be named later.
But this post isn’t about Böehner’s naïveté (like the umlauts, Jonah?), but rather, about President Obama’s insane obsession with raising taxes on Dr. J. and his ilk, and honestly on every working American.
Here’s the deal: consumer income is going down, and more of it is being spent on things like rising fuel and food costs. Like Alexander the Great and no more worlds to conquer, there are no more dollars to tax!
There is becoming less and less money available for him to take without it seriously hurting working and taxpaying Americans and those who depend on their largesse. Discretionary spending is disappearing, and when that happens, economic optimism soon follows. Furthermore, asking for a little tax hike every couple of months will not make the economy better, it will make it worse because it makes it impossible for families and business owners to plan and they will keep what capital they have on the sidelines.
The working and taxpaying Americans are done with tax hikes Mr. President, so stop asking for more money we can’t afford to handover so you can continue your drunken sailor spending spree. We can only hope Mr. Böehner is with us on this.