Tuesday, January 29, 2013

'Tax the rich' hikes already spent in less than a month!

Yeah, remember Obama's tax hikes on those evil rich? The fiscal cliff, the fiscal cliff. Tax the rich to help pay for debt, right? Wrong. In less than one month, Obama's already blown through every penny of it.

IBD: The top 2% wealthiest already pay 45% of the taxes. But Democrat Obama felt they needed to pay their "fair share," despite the risks that new taxation presents to creating real jobs for the rest of us, Obama already being employed for the next 1,452 days. But who's counting?

The Real Big Spender is off to Las Vegas this morning for a $1.5 million-plus photo op day-trip to sell his immigration reform ideas to a select audience that already likes it.

For weeks Obama traveled the country telling anyone who would listen and some who'd rather not that he's so absolutely positively determined to cut America's $16.4 trillion national debt that he did so much to grow. And he was insistent on milking money from the rich to do just that.

Well, guess what? That $50.4 billion spending bill for, among other things Hurricane Sandy aid, just ate up every single penny of that tax hike for this year, plus another $10 billion. That will go on the debt tab that the $40 billion in new taxes were supposed to start trimming slightly this fiscal year.

So Obama whined about a deal on the fiscal cliff taking too long, the Democrat governors of Jersey, New York and Connecticut complained that Washington legislators were hesitant about spending more of China's money, never mind the pathetic response of Obama's FEMA, and now, the nation's chief executive couldn't sacrifice a cross-country junket/photo op costing $1.6 million to tell a bunch of people that already think the same as him about an unwritten immigration policy? Talk about out of touch.

"Washington just doesn't get the severity of our fiscal condition," the Heritage Foundation's Matt Mayer told the Washington Times.

Americans realize the financial hole these D.C. pols got us in scratching each other's backs. But when will anyone stop bemoaning that hole and start filling it in? Somebody's got to be first to sacrifice their "fair share."

Of course, that would take leadership, not photo ops.