You know that Obama/Democrat Big Lie on teh "Bush tax cuts": that they only benefitted the wealthy Well, Micheal Bloomberg, mayor of NYC, exploded that LIE today on CNN, as he advised Brack Obama what to do. This is amazing. I AGREED with Barack Obama and Bloomberg (only partially) in a single day. Amazing.
What Bloomberg said ws that President Obama has been exercising NO "leadership" (Duh!!!) Bloomberg asked: Why is Obama fooling with a "deal" on increased taxes. Obama and teh Democrats don't NEED the GOP to "increase revenue". The "Bush tax cuts" are already scheduled to EXPIRE, and all the Democrats have to do is let that happen. So--according to Blloomberg, and he is "right" in at least his numbers--all Obama has to do is figure out an EQUAL amounbt of spending "cuts" over ten years, and the budget will be balanced (lol--this is where the numbers get very soft, since no one really knows what the situation will really be ten years from now). Still, Bloombergn's numbers at least add up, given his assumptons and disregarding that Obama and the Democrats have NO INTENTION of actually "cutting' spending.
"Wait, Skip. That can't be. What is this fight about if the Democrats can jsut let the Bush tax cuts expire, and thereby increase government revenues 4 TRILLIN dollars. That is absurd. I ahve listented to Obama and the Democrats, along with listenting to CNN, MSNBC and the unfair and unbalanced network, and I KNOW that the Bush tax cuts only benefitted the rich. If that is so, why did Obama not simpy let the Bush tax cuts expire (vetoing any attempt to stop it, if he had to)?".
Ah, It is true that Bloomberg EXPOSED the Orwellian Big Lie of Obama and the Democrats. He made clear that he was referenceing ALL of the Bush era tax cuts. And Bloomberg did this on CNN, which has PUSHED theBig Lie (being The Liar Network) .As this blog has told you, and as Bloomberfg told CNN (which they will promptly forget), the Bush tax cuts did MUCH more than "benefit" the wealthy. MOAT of teh "benefit" went to the MIDDLE CLASS, and lowe income groups. If you simply let the Bush tqax cuts EXPIRE, you will nominally "raise" 4 TRILLION dollars over ten year.s. As this blog has told you, "only" 700 billin dollars of that would have come from peoiple making more than $200,000 a year (IF you consider those the 'wealthy", as it is another Big Lie that Obama and the Democrats are only going after millionaires and billionaires).
Bloomberg is right. If Obama and the Democrats were HONEST, they don't need ANY Republican votes to make EVERYONE pay that "fair share" they were paying under Clinton. All they have to do is let those Bush tax cuts expire. But Obama is NOT hoest. He is our Liar-in-Chief. Obama and the Democrats can REAPEAL the Bush tax cuts IN THEIR ENTIRETY by simply letting hem expire, as they COULD HAVE DONE at the end of 2010 (that was that "deal" which FIRST added 100 BILLINO to the deficit with that "temporary" , fraudulent "payroll tax cut"). In fact, if the GOP hd shown any COURAGE, tehy could have insisted upon a PERMANENT extension of the Bush tax cuts, and prevailed. But they have no courage, and set themselves up for the present "class warfare" battle. Obama and the Democrats, however, do not have the COURAGE to be HONEST about the Bush tax cuts. Nor do they have the courage to LET THEM DIE (incxluidng the benefits that did NOT go to the "rich", which Bloom berg watns to also let die--"fair share" of sacrifice from everyone, remember).
What did you say? Oh, that is right. Letting all of the Bush tax cuts expire would probably KILL teh economy. But SELECTIVELY taking away the part of those tax cuts that "went" (it's their money) to the "rich" will DESTROY this country, as we resort to CLASS WARFARE to try to finance an ever BIGGER government wilth an ever SMALLER number of people. Bloomberg is right, in that sense. It would be BETTER to let ALL of tgeh Bush tax cuts expire than to take away ONLY the "cuts' "given" to the "rich". Any other course leads us down teh road to ruin--the same road travelled by the Roman Republic, ancient Greece, and so many other peole who have traveleed that disastrous class warfare road.
No, we should no repeal/let die ANY of the Bush tax cuts. But look at whaat Obama and the Democrats are saying, and what Bloomberg is disuting. They are saying taht the CLINTON taxes (aftger Clinton had INCREASED the tax reates on the wealthy) are UNFAIR. That is absurd. Thre is NO excuse for making people earning more than $200,000 WORSE OFF than they were under Bill Clinton (which Democrats refer to as the "golden age"--with some turth as to overall results of the GOP Congress keeepng Colinton under control). You can see what Obama and teh Democrats are trying to accomplish with the Big Lie (besides winning elections). They are trying to--as I stated--limit basically the entire financing of our Federal Gvoernement to peole earning more than $200,000. As Blomberg, in effet, said, this CANNOT BE DONE. And it will leead to absolute disaster. IF you are going to let the Bush tax cuts expire, you should let them ALL expire. Otherwise, you are NOT "reversing' the Bush tax cuts. Rathre, you are deliberately trying to limit the peole "parying for" our ever expanding government to an EVER-SMALLER nubmer of people. Circa 1950, Ayn Rand called this attitude an attempt by the untalented masses to ENSLAVE the few. I once thought Ayn Rand wa pretty extreme. As with Ron Paul, I am warming more an dmore to her incredible intelligence (if not to her as a person, where she had more than a few faults).
Thus, you can see why I say I agreed with a lot of what Bloomberg said, although I do NOT agree with him that all of teh Bush tax curts should be allowed to EXPIRE (as Obama and the Demoocrats have FULL POWER to accomplish without a single GOP vote). At least Bloomberg is HONEST (on this, anyway) , and does not rely on the Big Lie. Her is simply wrong. Obama, letgitist Democrats and the mainstream media are BOTH wrong and DISHONEST. And what can you say about people so dtermined to undermine the foundations of this coutnry that they are DELIBERATELY promoting the idea that this is all about the "99%" AGAINST the "1%". I am not alone in regarding that as totally IMMORAL, as well as a totally disastrous adoption of teh most blatant class warfare.
P.S. No proofreading or spell checing (bad eyesight).
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