OBAMA: TAX THE RICH CLIFF

Obama’s Ransom note: Tax the “rich” or I’ll drop US over cliff

http://godfatherpolitics.com/7612/obamas-ransom-note-tax-rich-or-ill-drop-us-over-cliff/
Godfather Politics - Mark Home – 10/20/2012

the President is the one who is playing chicken with the fiscal cliff, not the Republicans in Congress. To understand this, let’s ask: Did the Founding Fathers intend for the President to be the Grand Legislator of the country? No, they did not. The Congress is supposed to make laws. The President has the veto as a check on the Congress, but he is not authorized to simply dictate law to Congress.

So how do we judge Obama’s promise to veto any bill that doesn’t raise taxes on “the wealthy” in a way that he approves of? I think there are two reasons Obama wants this, his stated reason and his real reason.

His stated reason is that he must reduce the deficit (and even the national debt, according to some of his rhetoric). By any objective criterion, this reason is nonsense. If he could keep the economy from getting worse while taxing the rich one hundred percent of their income, he still would make no significant reduction in the deficit. Deficits of more than a trillion dollars simply cannot be affected by that meager amount. And, in the real world, raising taxes on those who invest and start businesses would actually hurt the economy–and thus reduce revenue even further.

Obama’s other reason for raising taxes on the rich (perhaps unstated but too obvious to be denied) is that he thinks it is a good in itself and that it attracts voters to his side. I’ll not criticize that position here. I’ll just ask, when facing a fiscal cliff, even if one agrees with the president, HOW CAN NOT GETTING WHAT HE WANTS JUSTIFY HIM PUNISHING THE POOR AND MIDDLE CLASS AMERICANS? THE FACT IS, WHEN WE GO OVER THE FISCAL CLIFF, IT WILL BE THE POOR AND MIDDLE CLASS WHO ARE HURT THE MOST; NOT THE RICH.

By any objective, neutral measure, it is Obama who is holding the country hostage, not the Republicans. He would rather hurt the country than give up an ideological luxury that has

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