Posted on 08/01/2011 9:10:27 AM PDT by AngelesCrestHighway
President Barack Obama awoke today to furious reaction to his last-minute debt deal, with experts slamming the agreement as a cruel means of hitting middle classes with tax hikes 'through the back door'. The President and congressional leaders last night finally announced an agreement on emergency legislation to avert the nation's first-ever financial default. But while the dramatic resolution briefly lifted a cloud that had threatened the still-fragile economic recovery, critics said in the long run the middle classes would bear the brunt of the country's massive debt, with increased taxes set to cover for the White House's reluctance to cut public spending.
(Excerpt) Read more at dailymail.co.uk ...
I always thought obama was fond of the back door...
They just absolutely, positively won’t cut the disasterous welfare state or bloated bureaucracies abounding all over. Too many people and voters have been bought off.
UK media: Middle class gets screwed by debt deal
That's not the back door, that's the front door and the REPUBLICAN House better not pass such a monstrosity.
Exactly.....the U.S. media versus the truth.....
Its really pissing me off that the damn U.S. media is Obama’s propaganda machine.....
Can you imagine, telling the Founding Fathers that we were more likely to get the truth of the matter, not from American newspapers - but from England?
They will, but it won't be pretty. Nor will it be peaceful.
The 13th Amendment abolished it and they are determined to bring it back.
Actually, if the headlines are “OBAMA WINS!” they’ll be correct.
In this case, the powers in DC are saying the American people should exit the back door... AND they want that door to hit us on the butt on the way out.
So, you don’t think by Freedom of the Press they meant free to print crap?
The feds are ending ethanol subsidies, but not the requirement that it be in your gasoline. The net result will be a gas price increase, which is another form of tax increase.
Middle class taxpayers ALWAYS take it in the back door from the tax collectors.
> Experts, however, insist the crisis may still hit middle
> America the hardest, with the very real possibility that a
> 12-person bipartisan committee, which will meet in the
> aftermath of the agreement, could still opt to impose a
> hard-hitting tax hike.
WRONG. Not according to the deal that was reached. Apparently Brits can’t read any better than Americans can.
How about the backdoor tax increase that savers have to endure? I’m talking about the near Zero interest rates. This is necessary to keep interest on the debt down. This is a bubble if I ever saw one. Also the backdoor tax increase on those who have health insurance who are paying for the uninsured. I’m sure these are just a few....
Exactly!! Good one!
Go Mike Lee. Time to stand up and be counted. Hatch, we’re coming after you next.
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