Filed under: Capitalism, Democrat Corruption, Economy, Politics, Progressivism, Statism, Taxes | Tags: Apocalyptic Rhetoric, Obama's Gone too Far, Sometimes a Graph Helps
………………………………………………………………………..h/t: Gateway)
“Just to make the final point about the sequester” said President Obama at his Friday press conference, we ill get through this. This is not going to be an apocalypse, I think as some people have said.” Well, that’s a relief, but the “some people” who have been predicting an apocalypse — are the President himself and senior members of the administration.
Mr. Obama has considerable discretion as to how he prioritizes federal spending. He is attempting to implement the sequester to cause as much pain and discomfort as possible in order to extract another tax increase. But he just got a big tax increase on “the rich”last month. Wait until he finds out that his tax increase doesn’t bring in as much revenue as was predicted.
“The rich” have better accountants than the rest of us, and you might have noted that many companies paid increased dividends in December, thus avoiding the January tax hike. Or noticed a year or so ago, when John Kerry chose to moor his yacht in Rhode Island instead of Massachusetts and thereby save $400,000 in taxes. There is nothing illegal about that, nor improper. Massachusetts taxes were way out of line, and people can choose not to pay them.
