Holy Shit. The Dems wanna make their spending the trigger that raises our taxes.
Talking about stupid. This takes the cake.
Pay attention folks.
This is what your Democrats are up to.
Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend
April 13, 2011 by Dan Mitchell
Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher taxes if politicians overspend.
Called a “debt failsafe trigger,” Obama’s scheme would automatically raise taxes if politicians spend too much. According to the talking points distributed by the White House, the automatic tax increase would take effect “if, by 2014, the projected ratio of debt-to-GDP is not stabilized and declining toward the end of the decade.”
Let’s ponder what this means. If politicians in Washington spend too much and cause more red ink, which happens on a routine basis, Obama wants a provision that automatically would raise taxes on the American people.
In other words, they play and we pay. The last thing we need is a perverse incentive for even more reckless spending from Washington.
The Democrats only solution all along has been to raise all of our taxes.
Oh, and Obama wants to cut Medicare as well. So when he lies about how the GOP wants to screw the elderly and the handicapped he needs to include himself.
LINK
Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend « International Liberty
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