teapartysamurai
Gold Member
- Mar 27, 2010
- 20,056
- 2,562
Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher taxes if politicians overspend.
Called a debt failsafe trigger, Obamas scheme would automatically raise taxes if politicians spend too much. According to the talking points distributed by the White House, the automatic tax increase would take effect if, by 2014, the projected ratio of debt-to-GDP is not stabilized and declining toward the end of the decade.
If politicians in Washington spend too much and cause more red ink, which happens on a routine basis, Obama wants a provision that automatically would raise taxes on the American people.
» Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend - Big Government
Typical liberalism. They never take responsibility for their actions. They want EVERYONE ELSE to take reasponsiblity for their actions.
Obama's solution for Washington's out of control spending? WE ALL SUFFER!
Remember this!
2012 is coming!