It appears that it has only taken six and a half months, but Team Obama is floating the possibility that taxes will be raised to try to stem the ballooning deficit and to pay to socialize health care in the United States.
Oh, but the tax hikes are not just going to be done to those pesky rich folks.
No sirree, Bob! Those of us in the middle class are being put on notice that we will have to pony up our "fair share" to help with these programs.
According to that sexist former Harvard president, Larry Summers, "it is never a good idea to absolutely rule things out, no matter what."
Oh, I digress. Mr. Summers is currently the National Economic Council Director. His last gig was as the president of Harvard College. Mr. Summers had the gall, utter gall, to suggest that there are differences between men and women. No shock to your humble blogger, but to the feminists at Harvard and beyond in academia, this was not politically correct. Needless to say in a profile of courage, Mr. Summers resigned as president rather than defend what he said.
Back to this post.
President Obama ran relentlessly saying that 95% of Americans would not see their taxes raised. And that most would actually see a tax cut. And, he has continued to say just that even as he tries mightily to nationalize one-sixth of the United States economy in taking over health care.
Now, reality is beginning to rear its ugly head and it is not just Mr. Summers floating the middle class tax hike possibility.
Here is what the Treasury Secretary, Tax Cheat Timmy Geithner had to say:
"If we want an economy that's going to grow in the future, people have to understand we have to bring those deficits down. And it's going to be difficult, hard for us to do. And the path to that is through health care reform. We're not at the point yet where we're going to make a judgment about what it's going to take."
I highlight the second sentence because by not ruling out tax hikes on the middle class, Mr. Geithner is setting up the real potential that President Obama, of course blaming former President George W. Bush, will have to go back on the reason he is president. The promise of not raising taxes on the middle class.
Remember the last Democrat president that said the same thing and did raise taxes on the middle class? That was one William Jefferson Blythe Clinton. And yes, he was a two-term president. But, his raising taxes gave way to the Republican congressional takeover of 1994.
This has to be in the back of the mind of those on Team Obama. But, but the reality is that if they want to continue to expand the federal government like a hot air balloon, they have to get money from somewhere. They just will not get enough from the pesky rich people. So, they will try to tell the middle class that raising their taxes is necessary to give them health care coverage. And how about a $4,500 credit to trade in your current car for a "fuel efficient" car? Where do you think that money is coming from? And that so-called economic "stimulus"? How do you people think we can pay for that? You are going to have to pay for some of it!
Does the word S U C K E R! come to mind? Did not the American people not get sold this bill of goods a short 17 years ago with former President Clinton? Of course we did.
But, like then, the American people were ready for a change. They thought 12 years of the Republicans running the White House and for a time the senate was enough. This Clinton fellow sounded, why almost like a Republican. You know, the way he talked about tax cuts. But, Mr. Clinton proved that he was a Democrat at heart and could not help but raise taxes.
Alas, now the possibility is being floated and let us see if the middle class will be A-OK to see their taxes raised. I do not think so.
It is as if the administration is making the case for Republicans to be in control of congress once again.
So, get ready you who voted for President Obama. You who really thought your taxes were not going to be raised. The bill is coming due and your name is on it to pay.
Don't say that you were not warned!