"We don't have a lot of time here. We've got a few weeks to get this thing done."- President Barack Obama, 11/28/12
What are the two unspoken words at the end of the second sentence? “My way.”
The president is not interested in spending cuts to increase revenue. His only intention is to drag down “the rich”—those households making $250,000 per year or more.
Does anyone really think that $250,000 per year is “rich” in this day and age?
Let’s take a hypothetical husband and wife. One is an accounting manager; one is a software engineer. This couple has put in years of post-graduate work in their chosen fields, years of learning their professions, years of putting in long hours, nights, and weekends, many sacrifices of family time, in order to achieve personal and material success through their own efforts and talents, on their own time and their own dime.
Once upon a time, that was called “the pursuit of happiness.”
This professional couple is finally, as a combined income household, making more than $250,000 dollars annually. Good for them. They’ve worked their butts off for it. They have a home in a decent neighborhood that they were able to buy with a healthy down payment of their own money. They drive nice cars, which they’ve paid for themselves. Let’s say they have a couple of college-aged children, and they’re paying tuition out of their own pockets, just as they do with everything they own or purchase. And they pay their taxes, every year.
What gives the federal government the right to tell them that they have too much money and should fork over more of it to subsidize wasteful government programs?
If the president is so keen on a “balanced approach,” why doesn’t he insist on taxing every American—including all of those receiving any form of government assistance--a nominal amount? That way, at least we’d all have skin in the game. But for all his talk of “fairness,” President Obama doesn’t want that. He wants to take high achievers down a peg or two, in atonement for the U.S.A.’s terrible sin of offering the most opportunities for the most people in the history of the planet. In his redistributionist mind, it’s America’s fault that not everyone is in the top tax bracket.
What we’re witnessing is a calculated attempt to deliberately dismantle the American dream. There will be no reason to strive for financial success if this attack on our way of life succeeds. If Congress doesn’t hold the line against this blatant assault on our values, we are in far more trouble than a mere election can resolve.