“Obama raise taxes to feed and grow the beast.”
He’ll do a little of this, but unfortunately, he’s mostly feeding the beast with borrowed funds knowing that the taxpayers would revolt if he tried to raise taxes high enough to pay for all the goodies he is using to pay back the unions, lawyers and other special interests who put him into office and to ensure his re-election in 2012. He well knows that he’ll be long gone by the time the tab arrives to pay for his profligate spending habits.
With each passing day the over reach becomes more and more evident. First it was the banks, then the car companies, now health care. Mind you, all within six months of taking office! You mention borrowed money and you are right. Either one of two things is going to happen: 1) Zero continues his borrowing spree until the price of borrowing, i.e. interest rates, get pushed up to the point that individuals begin to understand the reason they can’t afford to finance purchases any more, or 2) Zero throws all caution to the wind and fists cap and trade along with national health care with all of the subsequent tax burden on the American people. These programs will drain every one, not just the “rich.” The doomsday scenario is that he tries to do both simultaneously. The only positive I see on the horizon is November of 2010.