We all know that tax increases are coming. Obama has appointed this phony commission to make recommendations on how to reduce the deficit and national debt. The idea is to shift the hard decisions to some outside board, similar to base closings, so the Congress can avoid the responsibility and consequences for making hard decisions. The commission will recommend tax hikes and the MSM will aid the WH by supporting them explaining how much of a financial crisis this country is in.
They need to cut spending...cut, cut, cut. Here are some ideal..., stop all foreign aide, pull all the troops overseas home..tell these countries you are on your own..we pay for those bases overseas. We can’t afford it anymore.
The International Monetary Fund has put out the word that developed countries have to cut their debt.
It means countries like the UK and US have to raise taxes for sure.....
The only thing we don’t know is how the politicians will try to pull it off.
Not only that but we pretty much know they’re going to come back recommending a VAT and Obama will go for it. It’s just part of why the 2010 elections are so important.