Harry Reid and his cronies will shred the Boehner bill and stick it not to “the rich” but to the rest of us. How? Ed Morrissey explains the CBO process of scoring, and how Reid has figured the expiration of Bush tax cuts and the absence of an alternative means tax (AMT) patch will pad the coffers:
Total tax hike over 10 years, according to the GOP analysis? $3.8 trillion. And those would not just be tax hikes on the “wealthy,” either. Those tax hikes would hit the middle class like a freight train, both on basic rates and the AMT creep that Congress has parried for years. If this analysis is correct, Reid either wants to hit the US with the biggest tax hike in its history, or he’s offering bogus deficit reduction that will never occur.
Oh, I’m sure Obama won’t veto that, eh? We’re being played as rubes. Where are the entitlement discussions? Oh, only military retirement. Rubes, the taxpaying kind. Victor Davis Hanson reminds us how difficult it is to pry the entitlements away from those who vote for their government checks:
About 50 percent of taxpayers don’t pay federal income taxes. Almost half of American adults receive either the majority of or all of their income in some form from government. They are naturally desirous of even more entitlements, in the sense that even higher taxes on the top 5 percent might ensure at least some of the needed revenue to pay for them. And if that echelon must pay 70 percent or 80 percent rather than the present 60 percent of all collected income taxes, it would still not be such a bad thing, inasmuch as the circumstances surrounding their earned income must be somewhat suspicious. In the words of the president, the so-called affluent surely at some point must realize that they have made enough money and have hundreds of thousands in unneeded income that could easily be assessed with higher taxes.
The agenda of the poorer and lower-middle classes is championed mostly by an affluent elite located on the two coasts, who find power and influence in representing “the people,” and are themselves either affluent enough, or enjoy enough top government salaries and subsidies, to be largely exempt from any hardship that would result from their own advocacy of much higher taxes and larger government expenditures.
Nancy Pelosi, et al. They’re sending us straight into servitude for generations to come, but since they own the shackles, it matters not. I guess it’s “fair” that we’re all poor together. I have never understood why liberals subscribe to this vision–that those who succeed must be punished–rather than the Reagan idea: lift everyone up together. I suppose it’s easier to punish.
Finally, regret from Peggy Noonan. I find it humorous to note her own exclusion from the title at WSJ: They’ve lost that lovin’ feeling. In part:
[...] nobody loves Obama. This is amazing because every president has people who love him, who feel deep personal affection or connection, who have a stubborn, even beautiful refusal to let what they know are just criticisms affect their feelings of regard. At the height of Bill Clinton’s troubles there were always people who’d say, “Look, I love the guy.” They’d often be smiling—a wry smile, a shrugging smile. Nobody smiles when they talk about Mr. Obama. There were people who loved George W. Bush when he was at his most unpopular, and they meant it and would say it. But people aren’t that way about Mr. Obama. He has supporters and bundlers and contributors, he has voters, he may win. But his support is grim support. And surely this has implications.
Noonan brands Obama a disaster, and fails to acknowledge the wool was pulled over her own eyes:
But he’s not good at building, creating, calling into being. He was good at summoning hope, but he’s not good at directing it and turning it into something concrete that answers a broad public desire.
And so his failures in the debt ceiling fight. He wasn’t serious, he was only shrewd—and shrewdness wasn’t enough. He demagogued the issue—no Social Security checks—until he was called out, and then went on the hustings spouting inanities. He left conservatives scratching their heads: They could have made a better, more moving case for the liberal ideal as translated into the modern moment, than he did. He never offered a plan. In a crisis he was merely sly. And no one likes sly, no one respects it.
So he is losing a battle in which he had superior forces—the presidency, the U.S. Senate. In the process he revealed that his foes have given him too much mystique. He is not a devil, an alien, a socialist. He is a loser. And this is America, where nobody loves a loser.
Hell hath no fury like a woman who voted for the loser in ’08.
More Saturday reads:
Democrats on the Hill complain Obama isn’t a leader. Oh, the irony.
Unintended consequences for liberals: our economy stinks so badly, the legions of illegals head back home as the Mexican unemployment rate is half of our own. 300,000 have left California. Only 2.6 million more to go. Maybe without the $10 billion annual cost of social services to illegal immigrants, California will be able to right its own sinking budgetary ship.
Cross-posted at P&P.
Filed under: budget, Economy, Liberal angst, Military, Obama, Taxpayer, VDH | 2 Comments »