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Santelli: If the Fiscal Abyss Is THAT Important, Why is The President on Christmas Vacation?
Confounded Interest ^ | 12/24/2012 | Anthony B. Sanders

Posted on 12/24/2012 10:28:57 AM PST by whitedog57

One of my favorite commentators on television is CNBC’s Rick Santelli. And today, he made a great point: when the Senate wanted to pass Obamacare, they met on Christmas eve, 2009. Somehow, the fiscal cliff isn’t that important to the Senate or House this time around.

We know that President Obama is perfectly happy to let tax rates automatically increase on everyone (or at least those households earning $250,000 has above). And payroll taxes rise 2% regardless of the fiscal cliff or not. Then there are the 10+ Obamacare taxe, mostly hitting the top 2% of earners.

But President Obama is vacationing in Hawaii and most of Congress has fled DC back to their home states. So, Santelli is correct – there is not enough interest in DC to avoid the fiscal abyss.

President Obama would love to cut the military (and military contractors) and not cut entitlement spending. Here is the American Action Forum’s discussion of spending cuts and tax increases associated with the fiscal abyss. 113281449-The-Fiscal-Cliff-Everything-You-Need-to-Know-and-How-to-Avoid-It

Even though the US may go into the fiscal abyss, President Obama and Congress can do what they do best … kick the can down the road in terms of spending cuts. But let taxes rise, particularly on the “rich” (politically defined as $250,000 and above).

As I have discussed before, there isn’t enough taxes available from the $250,000 and above households to fund more than a week or two of government spending.

It’s Washington DC and the “big spenders” don’t really want to cut spending. Just tax those making $250,000 and above, borrow and spend. And have The Fed purchase the unwanted additional Federal debt.

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Government; Politics
KEYWORDS: fiscal; fiscalcliff; obama; obamavacation; ricksantelli; sequestration; taxes
It's all a joke to the political class.
1 posted on 12/24/2012 10:29:09 AM PST by whitedog57
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To: whitedog57

Because he doesn’t give a damn, that’s why.


2 posted on 12/24/2012 10:32:32 AM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: whitedog57

‘The country’s business is important,but dammit this is MY Christmas vacation.”


3 posted on 12/24/2012 10:37:58 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: whitedog57

“Santelli: If the Fiscal Abyss Is THAT Important, Why is The President on Christmas Vacation?”

That’s a very good question that answers itself.

Besides, it’s all about this for him:

https://www.youtube.com/watch?v=1u2G6OyZyCI


4 posted on 12/24/2012 10:42:38 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: whitedog57

“Why is the President on Christmas vacation?”

Because, he wants to be just like Marie Antoinette.

/s/

IMHO


5 posted on 12/24/2012 10:43:41 AM PST by ripley
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To: whitedog57
(Excerpt) Read more at confoundedinterest.wordpress.com ...

Why have you excerpted your own blog?

6 posted on 12/24/2012 10:52:48 AM PST by humblegunner
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To: whitedog57
Santelli: If the Fiscal Abyss Is THAT Important, Why is The President on Christmas Vacation?

You have still failed to grasp the essence of our incompetent "Movin' on up!" affirmative action Barrak Jefferson fake president.

7 posted on 12/24/2012 11:05:13 AM PST by publius911 (Look for the Union Label -- then buy something else)
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To: lowbridge

And he doesn’t give a damn, because everything is working toward his goal: the financial destruction of the U.S. B-HO is succeeding.

Makes me wonder how the Democrat Party could share B-HO’s goal.


8 posted on 12/24/2012 11:08:46 AM PST by abclily
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To: whitedog57

Someone who lived too long ago to experience Obama’s presidency once said, ‘’Never attribute to malice what can just as easily be attributed to incompetence.’’

Yes, Obama is incompetent, but only malice toward the American people can explain many of his decisions, including his absconding to sunny Hawaii now while every tax-payer in America is scheduled to receive a lighter paycheck in increasingly harder times unless he returns to Washington and reinstates the Bush tax cuts before people start getting paid next year.

If Obama doesn’t enjoy making people suffer, there’s no reason for his long vacation.


9 posted on 12/24/2012 11:20:41 AM PST by Bluestocking
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To: whitedog57

Because he is “PRESIDENT OF THE STUPID” and the republicans went home because thier leader FAILED and ubango got what he wanted taxes across the board and a poster child to blame it on, it’s a win win.


10 posted on 12/24/2012 11:49:50 AM PST by ronnie raygun (Being Breitbart)
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To: whitedog57

I wanna know who told him he could take ANOTHER vacation in the first place.

Who’s the EMPLOYEE here?

F U B O !


11 posted on 12/24/2012 12:44:14 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: whitedog57

Who wants some shaved ice?


12 posted on 12/24/2012 2:47:50 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: whitedog57

Surf’s up at CBS!


13 posted on 12/24/2012 2:48:49 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: whitedog57

Aloha from ABC!


14 posted on 12/24/2012 2:49:30 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: whitedog57

NBC

Nothing
But
Coconuts


15 posted on 12/24/2012 2:51:11 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: whitedog57

Because the President does not legislate. It is really silly to see him involved in this stuff at all.

He should stay on vacation, and let the grown ups take care.


16 posted on 12/24/2012 3:30:35 PM PST by Vermont Lt (We are so screwed.)
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To: Vermont Lt; lowbridge; whitedog57

Because everything’s going according to plan. That’s why.

The Great Movement (wealth redistribution) continues...


17 posted on 12/24/2012 4:31:50 PM PST by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: 4Liberty

18 posted on 12/24/2012 5:20:25 PM PST by Howie
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