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Why the Obama tax hikes have only just begun
American Enterprise ^ | 01/02/2013 | James Pethokoukis

Posted on 01/02/2013 11:45:49 AM PST by SeekAndFind

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1 posted on 01/02/2013 11:45:57 AM PST by SeekAndFind
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Comment #2 Removed by Moderator

To: SeekAndFind

“...just begun”

We haven’t seen anything yet, Obamacare is going to require such massive funding it will change everything. The longer it’s in place, the more it will require. Can you say good-bye to a strong DOD?


3 posted on 01/02/2013 11:56:06 AM PST by izzatzo
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To: F15Eagle

Well, the Obama policy for four years hit his voters hard...high unemployment, lower wages, higher cost of living, higher insurance costs, more on food stamps and welfare. They were successfully convinced it was someone else’s fault. I have no doubt they’ll continue to fall for the same lies, sadly enough. Maybe enough people are willing to rightly blame him four years from now to go a different direction, but I doubt it. Even if it happens, 80+% of those hit hard will still vote Democrat.


4 posted on 01/02/2013 11:57:03 AM PST by ilgipper (Obama supporters are comprised of the uninformed & the ill-informed)
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To: SeekAndFind

This is the beginning. Folding your retirement accounts and pension (if you have one) into the SS system is next.

As the saying goes... get your money out of the country before your country gets your money out of you.


5 posted on 01/02/2013 11:59:06 AM PST by aMorePerfectUnion (Gone rogue, gone Galt, gone international. Gone.)
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To: aMorePerfectUnion

RE: get your money out of the country before your country gets your money out of you.

Thousands of the “rich” Americans did just that and placed their money in Swiss Bank accounts.

Did them little good. In fact it made them target for IRS prosecution.

The Swiss simply folded to the IRS and revealed their accounts.

Romney had part of his money in the Caymans. The newspapers outed it anyway.


6 posted on 01/02/2013 12:04:10 PM PST by SeekAndFind
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To: SeekAndFind

Elections have consequences.

If America wanted a leader, they’d have elected one. The government they deserve.

SnakeDoc


7 posted on 01/02/2013 12:04:48 PM PST by SnakeDoctor (Come and take it.)
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To: aMorePerfectUnion
This is the beginning. Folding your retirement accounts and pension (if you have one) into the SS system is next.

Hardly a day goes by that I don't find some article in the press that is prepping the ground for that.


8 posted on 01/02/2013 12:08:46 PM PST by Buckeye McFrog
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To: SeekAndFind

“Thousands of the “rich” Americans did just that and placed their money in Swiss Bank accounts.

“Did them little good. In fact it made them target for IRS prosecution.

The prosecuted ones are the ones who did not report their foreign holdings. It is not illegal to have a foreign bank account or brokerage. You must report it. They did not. RINOmney did.


9 posted on 01/02/2013 12:10:57 PM PST by aMorePerfectUnion (Gone rogue, gone Galt, gone international. Gone.)
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To: aMorePerfectUnion

So, you have a foreign bank account, you reported it. It then becomes liable for taxation...

How does that help with this : “get your money out of the country before your country gets your money out of you.”?

You get your money out of the country and the country gets the money out of you anyway.


10 posted on 01/02/2013 12:14:14 PM PST by SeekAndFind
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To: SeekAndFind

spending needs to be paid for


11 posted on 01/02/2013 12:17:39 PM PST by ksen
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To: ksen

RE: spending needs to be paid for

Only the following choices I can think of:

1) Tax
2) Borrow
3) Print

If anyone else has another way of paying for government spending, I am all ears.


12 posted on 01/02/2013 12:23:00 PM PST by SeekAndFind
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To: SeekAndFind

That reminds me of years ago, in the 90’s, when I was going to board a plane and two burly agents pulled a man aside and asked him if he was carrying over $10,000 in cash. The man hadn’t and they let him go to ask another person the same thing.


13 posted on 01/02/2013 12:42:21 PM PST by dragonblustar (Allah Ain't So Akbar!)
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To: SeekAndFind

RE: spending needs to be paid for

Only the following choices I can think of:

1) Tax
2) Borrow
3) Print

If anyone else has another way of paying for government spending, I am all ears.


And today’s GOP compains about all 3 ways to pay for government spending. As we are in a demand-driven slowdown/recession slashing spending from the only entity doing any real spending, the government, is not what needs to happen right now.

There’s enough slack in the economy to allow more printing of money without having to worry about inflation but I think the wiser course is to pay for the spending through tax collections. Fiscal responsibility does not mean spending cuts only, which seems to be the current stance of the GOP.


14 posted on 01/02/2013 12:56:46 PM PST by ksen
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To: ksen

Well I don’t know about you, but I’m tapped out. If you wanna give the govt more of your hard-earned income to squander on pork and other pet projects, by all means, go right ahead. Don’t presume to speak for me, however.


15 posted on 01/02/2013 1:06:28 PM PST by Prince of Space (Be Breitbart, baby. LIFB.)
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To: SeekAndFind

Why?
(now THERE is a stupid question)
- because he can (and will)
and there is NOTHING (You and I can do) because there is nobody (besides myself and a few others) who are willing to stand up and attempt to take this country back.


16 posted on 01/02/2013 1:07:18 PM PST by jongaltsr
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To: SeekAndFind

The government has no problem losing money on Bank and GM bailouts then hitting up the taxpayer for the money. I am surprised no one has figured this out. The Bankers are taking over the country and our pocket book.


17 posted on 01/02/2013 1:20:16 PM PST by Orange1998 (DO NOT PRESS CTRL W)
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To: Prince of Space
Well I don’t know about you, but I’m tapped out. If you wanna give the govt more of your hard-earned income to squander on pork and other pet projects, by all means, go right ahead. Don’t presume to speak for me, however.

wat?

18 posted on 01/02/2013 1:21:05 PM PST by ksen
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To: ksen
There’s enough slack in the economy to allow more printing of money without having to worry about inflation but I think the wiser course is to pay for the spending through tax collections. Fiscal responsibility does not mean spending cuts only, which seems to be the current stance of the GOP.

Drivel. Sounds like you agree with 0 that you can spend and tax your way out of debt. No thanks!

19 posted on 01/02/2013 1:31:30 PM PST by Jane Long (Philippians 2:11)
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To: ksen

Here’s your quote: “There’s enough slack in the economy to allow more printing of money without having to worry about inflation but I think the wiser course is to pay for the spending through tax collections. Fiscal responsibility does not mean spending cuts only, which seems to be the current stance of the GOP.”

You seem to be a-okay with increasing our tax burden. I’m not.

Clear enough?


20 posted on 01/02/2013 1:43:38 PM PST by Prince of Space (Be Breitbart, baby. LIFB.)
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