"Regrets, I've had a few..."
I Did It My Way
Frank Sinatra
Here it comes. We all knew it was coming. The whining, the complaining, the bitching, the moaning. The funny part is the chorus of complaints concern something which was not a tax increase after all. In fact, this phony baloney 2% cut of of employee contributed FICA was not a tax cut. It did nothing except make our sagging Social Security fund weaker. So putting it back to where it SHOULD have been all the time was no big shakes. Don't worry folks, there will be more to come in the near future which is much more gut wrenching.
The "Charlatan in Chief" is very similar to the one we had in the nineties. After telling the nation the economy was screwed up due to Bush (Sr.), President Clinton promised EVERYONE in the middle class a tax cut. Whoops. Once he got into office and found out there was not enough tea in China to pay for everything promised, he confessed to the middle class that he was "mistaken". Mr. Clinton said, "I tried as hard as I could, but things were so screwed up due to Bush, that I just can't give the middle class a tax cut". Sound familiar? We are about to see Act II to this melodrama starring the current inhabitant of the White House.
We did get President Obama's wish however. We were able to raise the top rate on those lazy, coupon cutting, silver spoon, one percenters. Yes, we got their tax rate up to almost 40%, just like in the good old Clinton days. It was perfect - it gave us enough extra money to run the Federal Government for almost a week. The rest of the masses were able to keep their Bush era tax rates - for now. Even though they have been called "permanent", nothing in Washington is permanent when a new Congress is sworn in. With the upcoming debt discussions looming, the tax rates of the middle class are truly "low fruit on the tree".
Not to sound like a soothsayer, I will still give my prediction as to what I think is going to happen in the next two months. First, even though the Fiscal Cliff deal was signed, sealed and delivered, the next frontal assault will soon take place. All deductions for the top one or two percenters will be looked at for elimination or reduction. When that does not work, "rich" will be redefined down to $50K and the sharp knives will be out for just about everyones taxes. Rates, deductions, and even 401K accounts will be looked upon as "booty" by the Progressive Left. A cry of pain will go up by millions upon millions of disillusioned Obama voters, but it will be too late. The fix is in, and we are all going to pay for it.
The cries of agony will even grow louder when the poor, unsuspecting throngs see many prized government programs cut by sequester or otherwise. They will have to pay more for less. Welcome to our new world. We will have tens of thousands of new regulations which will make things much more expensive; we will start to have inflation due to the current "QE forever" policy of the Fed; and we will have a health care system with sky high premiums which itself might be on life support due to the ObamaCare "fix".
Much talk as of late has centered around the "low information voter". Symptoms of this voter are ignorance, math dyslexia, and an addiction to kool aid and snake oil. Rather than listen to truth tellers, our under informed masses swoon over the smooth talker from Chicago. "If we can just get those evil rich folks to pay a little bit more, everything will be fine. Our best days will be ahead of us". No they are not Mr. President. Tell the truth. We are in deep, deep trouble and if we don't fix our debt issue, it will fix us.
I don't have buyer's remorse because I did not vote for the President. I do however, have remorse for our country. My heart aches that our youth are so uneducated or mis-educated they cannot see through this flimsy facade. They along with the rest of us are driving towards a brick wall at 100mph and nobody seems to know how to slow down or turn the wheel. We need to break out of our funk, admit we were hoodwinked, and fix this problem. Failure to do so will only result in our failure as a nation. And that, will be a cause of true remorse.
The "Charlatan in Chief" is very similar to the one we had in the nineties. After telling the nation the economy was screwed up due to Bush (Sr.), President Clinton promised EVERYONE in the middle class a tax cut. Whoops. Once he got into office and found out there was not enough tea in China to pay for everything promised, he confessed to the middle class that he was "mistaken". Mr. Clinton said, "I tried as hard as I could, but things were so screwed up due to Bush, that I just can't give the middle class a tax cut". Sound familiar? We are about to see Act II to this melodrama starring the current inhabitant of the White House.
We did get President Obama's wish however. We were able to raise the top rate on those lazy, coupon cutting, silver spoon, one percenters. Yes, we got their tax rate up to almost 40%, just like in the good old Clinton days. It was perfect - it gave us enough extra money to run the Federal Government for almost a week. The rest of the masses were able to keep their Bush era tax rates - for now. Even though they have been called "permanent", nothing in Washington is permanent when a new Congress is sworn in. With the upcoming debt discussions looming, the tax rates of the middle class are truly "low fruit on the tree".
Not to sound like a soothsayer, I will still give my prediction as to what I think is going to happen in the next two months. First, even though the Fiscal Cliff deal was signed, sealed and delivered, the next frontal assault will soon take place. All deductions for the top one or two percenters will be looked at for elimination or reduction. When that does not work, "rich" will be redefined down to $50K and the sharp knives will be out for just about everyones taxes. Rates, deductions, and even 401K accounts will be looked upon as "booty" by the Progressive Left. A cry of pain will go up by millions upon millions of disillusioned Obama voters, but it will be too late. The fix is in, and we are all going to pay for it.
The cries of agony will even grow louder when the poor, unsuspecting throngs see many prized government programs cut by sequester or otherwise. They will have to pay more for less. Welcome to our new world. We will have tens of thousands of new regulations which will make things much more expensive; we will start to have inflation due to the current "QE forever" policy of the Fed; and we will have a health care system with sky high premiums which itself might be on life support due to the ObamaCare "fix".
Much talk as of late has centered around the "low information voter". Symptoms of this voter are ignorance, math dyslexia, and an addiction to kool aid and snake oil. Rather than listen to truth tellers, our under informed masses swoon over the smooth talker from Chicago. "If we can just get those evil rich folks to pay a little bit more, everything will be fine. Our best days will be ahead of us". No they are not Mr. President. Tell the truth. We are in deep, deep trouble and if we don't fix our debt issue, it will fix us.
I don't have buyer's remorse because I did not vote for the President. I do however, have remorse for our country. My heart aches that our youth are so uneducated or mis-educated they cannot see through this flimsy facade. They along with the rest of us are driving towards a brick wall at 100mph and nobody seems to know how to slow down or turn the wheel. We need to break out of our funk, admit we were hoodwinked, and fix this problem. Failure to do so will only result in our failure as a nation. And that, will be a cause of true remorse.
No comments:
Post a Comment