And so it begins. It appears as though President Obama is 100% committed to allowing the expiration of the Bush-era tax cuts for those making over $250,000 per year. This has to have at least some people slightly upset.
From CNN (video link):
“We ought to do something about this deficit, and we ought to protect middle class tax cuts, and the best way to do that is to let the upper-end tax cuts expire, let the wealthy in this country that had been doing fine for years and years and years begin to pay their fair share, and make sure that we protect the tax rate that middle-class families have had for the past many years.”
-Robert Gibbs, Obama Campaign Senior Advisor
The silly notion that continuing to make the rich even richer will somehow give them the motivation to create jobs is utterly preposterous. What I can’t tell from watching the interview is if Candy Crowley is simply asking questions, or if she’s really that stupid. Over eight years of tax cuts for the super-wealthy, a busted economy, a financial crisis, and we should just continue to prop up the country’s deficit on the ever-shrinking middle class?
I’ll have some of whatever these guys are smoking, please.
On this issue, I think Obama’s got the right idea. Let’s make sure we’re investing in the middle class of this country, because without a middle class that’s actually going to spend money, we don’t have an economy. In addition, if we can get the deficit under control, we might just create some value in the dollar again. Wouldn’t that be nice?
Let’s go on ahead and for the sake of argument call this socialism. It’s not, but let’s call it that for a minute, since that’s what opponents of this kind of thing like to to do. How is “socialism” in this case a bad thing? It has already been proven that these tax cuts do not perform the function they were intended to perform. Why should they continue? No one has been able to give me a good answer on this one yet.
It’s the same thing with the so-called “socialist health care”. Here’s the thing – if I have to take a bit of a hit to my paycheck so that every other American who isn’t as fortunate as I am gets to live a healthier life more easily, that’s fine by me because it’s patriotic and decent to ensure that America, as a nation, is in good health.
Greed’s a nasty thing.
I hope Obama really does go through with this and stop the rich from getting those cuts! This must be why Denise Rich and some other are giving up their citizenship. The way I see it….the US is not losing anything if these people leave since they’ve certainly not paid through their taxes since Bush!