Written by Michael J. Hook on Monday - December 12th, 2011
Did anyone really expect Congress’ inaptly named Super Committee to succeed in taking a much needed step in putting our country’s fiscal house in order?
While the answer from most would be no, the process did shine the first light on just what Barack Obama and the Democrats plan for our nation. The light becomes even more intense as Democrats now demand extension of the payroll tax cut, only to pair that extension with a demand to raise taxes on the job producing sector of our economy.
All the countdown clocks, class warfare rhetoric and empty proposals do not change the fact that the Democrats do not want any kind of a deal at all.
What the White House and Congressional Democrats really want is the clock to run out on the payroll tax cuts they claim to protect in 2012, as well as the Bush tax cuts in 2013. That is why every one of their proposals for extensions will have some kind of “soak the rich” provision.
That way they will have their cake and eat it too. They will blame the Republicans for allowing taxes to going up on working Americans to protect the rich, while leading the charge to spend every last cent of additional revenue caused by these expiring tax cuts. Their new taxes also prolong the fundamental changes our country has to make to assure our nation’s fiscal integrity.
Obama and his allies are willing to gamble our fragile economic recovery away and long-term budget stability for the short-term game of satisfying their special interests with more spending. And, they’re counting on riding that wave through another election.
