I suppose they are sort of like an old married couple. That is, President Barack Obama and House Speaker John Boehner, as they tirelessly bicker about the looming fiscal cliff. Obama still plans to pillage investors and job producers through his unrelenting class warfare bullcrap.
Boehner keeps talking about “revenue makers,” a code-phrase for tax increases — but at least it’s through loopholes and not overall tax increases. He’s a little too timid about the spending cuts. I say let the governemnt spending machine roll over the cliff, before our children’s pocketbooks roll over the cliff.
Mr. Boehner offered on Friday $800 billion in increased revenues over a decade alongside a range of spending cuts, and it’s up to Obama to return something “that can pass both chambers of Congress,” he said.
“We’re ready and eager to talk to the president about such a plan,” Boehner told reporters. Questioned about his over-publicized phone call with Obama this week, the House Speaker said, “The phone call was pleasant, but it’s just more of the same. It’s time for the president, if he’s serious, to come back to us with a counter offer.” US News has more:
Boehner accused Obama of trying to “slow walk” the economy to the edge of the fiscal cliff – the scheduled tax hikes and across-the-board spending cuts that will take effect after Dec. 31 if no deal is struck. Obama and Boehner broadly agree on the parameters of the deal, such as the amount of debt reduction needed But they remain at loggerheads when it comes to tax increases, with the president insisting rates must be raised on the wealthiest Americans and the speaker claiming additional revenues can be found by eliminating some deductions and loopholes and leaving rates as they are.
Unfortunately, Boehner’s stance may be softening as the cliff draws nearer, and as the White House lambastes the Republican-led House for “throwing the middle class under the bus.”
Which, of course, is load of cow dung. Spending is a tax. Every one dollar spent, is one dollar taxed. But Obama knows the American people aren’t digging in to the monetary effects of obscene government spending too deeply.
There’s a relatively simple explanation: refusing to cut spending is synonymous with raising taxes. So, if anything, Obama and his Democratic allies in Congress are determined to throw everyone off of the cliff.
