Fiscal Cliff Baloney
By Neal Boortz
Do you think if Obama gets his way and taxes are raised on the filthy rich come January, that this will be enough to satisfy Dear Ruler? Hardly. Obama is already talking about “asking the wealthy to pay a little bit more” in addition to letting the Bush tax cuts expire. Here’s the quote from Dear Ruler:
“(A deal now) would give us more time next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way–including asking the wealthiest Americans to pay a little more.”
In other words: BOHICA! You ain’t seen nothing yet! Let’s raise taxes on the rich RIGHT NOW so that we can get to work on a plan next year to make the rich pay even MORE! If Republicans give in to tax increases on the wealthy in this fiscal cliff deal, then this is only the beginning of tax increases aimed squarely at the rich. And the situation will never change because, thanks to Obama’s outrageous spending levels, we will ALWAYS need to reduce our deficit during Obama’s second term. That isn’t going away and therefore, neither will his claims that the wealthy need to “pay a little more” or “pay their fair share.” Because as we know, tax increases on the rich only pays for Obama’s government spending for a measly eight days.
Two things to point out …
We’ve heard what Obama wants to do about revenues ad nauseum … where is his plan to really cut spending?
While Republicans have offered up some revenue in the form of reducing deductions, Democrats have taken entitlements off the table … so who is really holding the middle class hostage?
Democrats like John Larson say that Social Security is not responsible for our deficit and therefore should not be on the table. That may be true, but Social Security certainly IS responsible for a huge part, if not the bulk, of the unfunded liabilities of our country.
Unfunded liabilities? Right. You haven’t heard much about those, have you? Right now the conversation is about the deficit – how much more we spend every year than we take in – and our debt – now over $16 trillion dollars.
Now this debt is money we already owe. It is money that has already been borrowed. Interest is running on that money every day. This is money we ALREADY owe and will have to be paid back.
Unfunded liabilities? That’s the money we have promised in the future to Social Security and Medicare recipients, among others. It is money that we don’t have to pay quite yet, and so we haven’t borrowed the money to pay it. But this is money that we simply have no way of paying without confiscating huge sums of money from working Americans down the road --- or borrowing trillions upon trillions more. This is money that is going to have to be paid over and above the amounts we need to operate the legitimate functions of the federal government such as defense, our courts, etc.
What are we talking about here? Right now we’re at $86 TRILLION and counting. This $16 trillion national debt they talk about? That’s chump change compared to what we REALLY owe. Here … click here and read all about it for yourself.
These phonies – from both sides of the aisle – in Washington are going through this dog and pony show over our deficit and debt … but you won’t hear them say squat about the real problem … the $86 trillion PLUS our children and grandchildren are going to have to pay.
What’s unfortunate is that we are so hyper-focused on this fiscal cliff nonsense, yet basically ignoring the real problems facing us … thanks to Democrats taking entitlements off the table and Obama not really offering anything tangible in terms of real spending cuts. I just don’t have any faith that these people in Washington are really willing to tackle the true issues that could collapse this country. The fiscal cliff will not cause us to collapse .. that will come much later .. but it will come if we do nothing to stop it.
