In 2006 then Senator Obama said that raising the debt limit “was a sign of our government’s reckless fiscal policies.” In case you were wondering the debt limit at the time was $8 trillion.
Now that the president has eclipsed $14 trillion in debt he is demanding that Congress raise taxes and the debt ceiling so that he can continue to spend money like a drunken sailor on shore leave (my apologies to you Navy guys). Rather than do the responsible thing and get spending under control the president has decided to take a page out of the old Democrat playbook and resort to class warfare and fear mongering of the lowest order.
Obama’s desperate attempt to polarize the topic by stating that we won’t be able to educate our kids, inspect our food supply, fund the National Weather Service, or pay for much needed medical research if we don’t raise taxes is a page right out of Alinsky’s Rules for Radicals.
The president and the left are fond of the phrase that the rich don’t pay their fair share, however, America’s progressive tax system ensures that the rich pay more than their fair share. In fact nearly half of the people in America pay no taxes at all. According to Liberty Works the top tax rate in 1990 was 28%, today its 35%, and will be going to 39.6% in January 2013.
Not to mention that Obamacare is rife with new taxes and according to recent CBO report, adds over $145 billion in deficit spending contrary to the president saying it would reduce the debt. Couple this with one of the highest corporate tax rates in the world and you have the makings for financial disaster.
The president had the nerve to lambaste Republicans for ending the current session of Congress rather than getting the work done. Never mind that he is headed to Camp David for the weekend and will be vacationing in Martha’s Vineyard for the third time. Let’s not forget that Obama lives on the golf course, has already made thirty-one campaign stops this year, and a whopping forty-one trips aboard Air Force One. Who’s not getting any work done?