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  Topic: Obama Peddles Massive Myth
About The Fiscal Cliff
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Obama Peddles Massive Myth
About The Fiscal Cliff

Investors Business Daily, by Staff

Original Article

Posted By:Desert Fox, 12/13/2012 8:11:15 PM

Practically every time he opens his mouth these days, President Obama warns that middle-class taxes will automatically go up on Jan. 1 if Congress fails to act on the fiscal cliff before year´s end. "The typical, middle-class family of four will see an income tax hike of around $2,200. How many of you can afford to pay another $2,200 in taxes?" he says. It´s all meant to scare the public into thinking there´s no hope of keeping middle-class taxes down if a deal isn´t worked out before Dec. 31. But Obama is creating a false sense of urgency — and needlessly scaring millions of middle-class families — simply to

Comments:
Hussein was reelected by Low Information Voters. His real agenda is to TAX the Successful. That is the message the Republicans SHOULD be shouting in public and directly to America. Give BETTER than you take.

      


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Reply 1 - Posted by: Davids918, 12/13/2012 8:21:22 PM     (No. 9064358)

Obama´s right.

The Democrats won´t be able to help themselves and will look to add more to the tax increase.

The funny thing is the Dems want the Republicans to cave on the top 2% so they can use it against them for "raising taxes" but mainly so they can be restrained from increasing that group to the top 10%.

Boehner needs to clearly state, the added tax revenue from the increasing the top 2% will only cover the current yearly deficit for 1 week. (it´s a great visual for anyone to realize)

And then criticize Harry Reid
"look, Democrat Senator Reid has been leading the Senate for 6 years now, and for the last 4 hasn´t even proposed a budget. I presume he´s afraid to offer his own specifics, beyond taxing small businesses, and doesn´t dare vote on the President´s plan". (in those exact words)


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Reply 2 - Posted by: Coy860, 12/13/2012 8:23:07 PM     (No. 9064363)

The dirty little secret is that the wealthy do not have enough money to fund his spending addiction.
It´s in the middle class, because there are so many of us.
Obama is coming after us, trust me.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: engrpat, 12/13/2012 8:51:45 PM     (No. 9064392)

I am sure that Obama is wrong about the taxes going up on the middle class as he and his fellow democrats have always said that the Bush tax cuts went to only the wealthy. So we in the middle have nothing to fear, no tax hike for us. Could I be wrong? Hmmmm.

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Reply 4 - Posted by: proudsaber, 12/13/2012 9:13:50 PM     (No. 9064414)

Someone ought to make a cartoon of Obama threatning to go over the cliff holding hands with the News Media!

Most Americans do not realize the jig is up. You violate the laws of science which ecomoices is one - you are screwed. Once the US bonds are downgraded one little notch the pain begins. the only thing that is holding us from going over the edge is that the US currency is 75% of the worlds reserve.

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Reply 5 - Posted by: LanieLou, 12/14/2012 12:51:10 AM     (No. 9064609)

Obama´s speeches are all about making sure peeps blame the GOP when 70% of workers have a tax increase.

Think about what Obozo is using to calculate who gets the high rate.... Your Net Worth... not your annual salary.

If you have a home only worth $160k, you are not safe; Obozo´s CZars are calculating your homes value as Best Use, not market value.

Obozo will pull off this scam & the GOP will be blamed.

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Reply 6 - Posted by: King of all trolls, 12/14/2012 1:52:01 AM     (No. 9064650)

Barry never met a straw man he didn´t like, but enough about his social life in Indonesia. Let´s stick to the issues. Fiscal cliff, fiscal cliff, fiscal cliff.... Yawn!

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Reply 7 - Posted by: Trigger2, 12/14/2012 4:49:34 AM     (No. 9064717)

It will be BARRY´s fault if taxes on the middle class revert back. He wants to close more small businesses to prove he´s king. I say let them expire. Vote present if you have to. Then let the multitude on the middle class get up in arms against congress. They´re the ones who voted those worthless demonrats into office.

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Reply 8 - Posted by: Chuzzles, 12/14/2012 9:19:06 AM     (No. 9065003)

I think the only thing preventing the WH from imposing their high tax garbage on the middle and lower classes right now is that they haven´t figured out the method to use that leaves their political hides intact after it happens. The media won´t escape the consequences easily either. Good.

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Reply 9 - Posted by: NYBruin, 12/14/2012 9:23:08 AM     (No. 9065008)

Yawn! Demonize your opponent, offer nothing constructive of your own. Four more years of this nonsense?

PS - This is governing??

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Reply 10 - Posted by: Barbarian Heretic, 12/14/2012 9:43:27 AM     (No. 9065062)

Re-post this to your FB page. Email it to your friends (and your enemies). Help expose the Messiah for what he is...

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Reply 11 - Posted by: Grambo, 12/14/2012 10:18:35 AM     (No. 9065137)

Make Obama own this thing, and with him, all the Honey Boo Boo voters who elected him.

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Reply 12 - Posted by: RancherJack, 12/14/2012 10:25:20 AM     (No. 9065158)

Stampede the herd

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B-G1


 
Reply 13 - Posted by: BaseballFan, 12/14/2012 10:27:06 AM     (No. 9065161)

Never let a crisis go to waste. Especially when it´s of your own making.

Recall that Obamacare was also in need of being finished "now". When the dust settled, most of the major portions of it would not take effect until 2013 and 2014... after the recoronation, of course.

FRAUD
OBAMA

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Reply 14 - Posted by: bighambone, 12/14/2012 10:36:50 AM     (No. 9065177)

The problem is, if Obama told the Treasury to leave the tax withholding rates where they are but allowed all the Bush tax cut rates to go up, for a massive amount of people next year there would be no tax refund at all, and in fact most would owe taxes that they would have to make up out of their disposable cash.

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Reply 15 - Posted by: dman, 12/14/2012 10:38:40 AM     (No. 9065179)

A repeat of Henry Paulson´s frightened stare into the camera that gave us TARP. We should have learned that panic produces very bad legislation.

Fool us once ..

(BTW: This is actually a case where it was Bush´s fault. Bush opened the door for NerØbama just as Hoover opened the door for Roosevelt. This is part of the reason that neither the GOP nor the Democratic Party represent my interests anymore.)

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Reply 16 - Posted by: OdinsAcolyte, 12/14/2012 11:14:19 AM     (No. 9065258)

I assure you we could not care less. Half of us would do considerably better without Washington D.C. All of us would have more opportunity. I would pay all of a lifetime of Social Security (socialist) if they (the Federal Government) would only go away.

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Reply 17 - Posted by: planetgeo, 12/14/2012 11:20:25 AM     (No. 9065264)

Anyone who thinks the fiscal cliff is simply a scare tactic will think otherwise very soon. We just peered over the precipice recently when we asked our accountant to calculate what our net proceeds would be on the sale of our home (like many, we´re looking at escaping to a red state). Our home still has a significant amount of equity even after about a 30% drop in market value from the bubble burst.

So after he calculated the new 3.8% surtax on home sales for Obamacare and the proposed increase in capital gains taxes and the pending increases in state and federal taxes, voila!...we barely net out to zero. The robbery could only be more complete if there was a gun pointed at our heads when we signed the papers.

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R_DBL_B
  


 
Reply 18 - Posted by: tocsin, 12/14/2012 11:38:57 AM     (No. 9065297)

Face the fact that Taxpayers´ money is power to these people.
Including most Pubbies and all of King Ø´s tribe.

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Reply 19 - Posted by: Reality, 12/14/2012 12:21:59 PM     (No. 9065390)

0blamers whole game is to get the massive tax increase he desires by letting what the democrats call the "Bush tax cuts" expire thus raising everyones taxes take a huge jump.
Rather that proposing this he will do nothing and blame congress for letting it happen.
His base of know nothing voters will fall for it hook line and sinker as their take home pay is decreased. Of course thye large number who pay no taxes will not even notice when they get their welfare checks, food stamps and subsidized housing.

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Reply 20 - Posted by: BreakRight, 12/14/2012 2:38:04 PM     (No. 9065727)

Have the Pubs considered passing an extension of the tax cuts (as current, plus some loopholes capped for high-earners) in the House and sending it to the Senate... I know, I know, the Dems in the Senate wouldn´t pass it, but THEN who would be forcing a tax hike on the middle class?

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Reply 21 - Posted by: Ida Lil, 12/14/2012 3:22:23 PM     (No. 9065806)

That bill #21 should have been passed and sent to the senate at least 5 weeks ago and resubmitted daily with loud voices demanding the Dem Senators force Reid to bring it to the floor.
The House and especially the Senate were ruined when power grabbers decided to install committees that were never intended by the Constitution.That Constitution provides for full floor votes up or down one very bill.


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Reply 22 - Posted by: beca, 12/14/2012 5:27:44 PM     (No. 9066016)

obama peddles alot of myths...this is just one of them

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Reply 23 - Posted by: OhMy, 12/14/2012 5:56:34 PM     (No. 9066075)

The real fiscal cliff will be the complete collapse of the economy if things don´t change soon. As for taxes the real taxes are the quantitative easing which amount to printing money. This dilutes the value of money right in your pocket. The official tax increases are a drop in the bucket compared to this. Diluting the currency is form of default which is not formal default but becomes inevitable at these spending levels. One way or the other government spending costs everybody.

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Reply 24 - Posted by: Nevadadad46, 12/14/2012 10:58:43 PM     (No. 9066527)

Who is worried? Over what? None of the people who voted for the Democrats and Hussein are worried about taxes! They simply know he´s black and that´s as far as they think. The rest is nothing but hash to them- unrecognizable and unimportant- they don´t even know what the fuss is all about and probably don´t even know there is a fuss. He´s black! That´s that!

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