Monday, July 25, 2011

Same Old Tune

Nothing new in Obama's world. It's still about rich folks paying their fair share (regardless of the impact on employment). This is a silly joke. Raising tax rates does not raise revenue; eliminating deductions does not raise tax revenue. Obama is interested in only one thing: redistribution of wealth. Raising taxes won't get that done either, because it won't really increase revenues from the wealthy.

Boehner is trying to do the right thing. He gets it. But, even Boehner doesn't appreciate the seriousness of the US's predicament. Even the Boehner plan will lead to an ultimate US default. Obama would just speed up the timetable for default.

A "no" vote is still the right vote on the debt limit increase.