Obama pushing for tax increases to replace part of the sequester
February 5, 2013 at 12:57 pm in News by Tea Party Patriots 5 Comments
This morning, Politico reported President Obama wants to delay the sequester even further and replace part of the cuts with tax increases:
President Obama will call on Congress on Tuesday to pass a temporary package of spending cuts and tax reforms that would delay the onset of automatic, across-the-board cuts known as the sequester.
“Uncertainty around the sequester is already having a negative impact on our economic growth, and if it was to take effect it would cost hundreds of thousands of American jobs and have devastating impacts on our economy,” a White House official said in a statement. “…The President will urge Congress to come together and act to ensure these devastating cuts to defense and job-creating programs don’t take effect.”
The President is expected to speak at 1:15 about this push. Here are four reasons why this new proposal is bad:
- First and foremost, the idea that government spending cuts harmed economic growth is not accurate, as Tea Party Patriots highlighted this morning. In fact, spending went up in 2012.
- Tax increases will harm economic growth, as the White House admitted last month in defending special interest tax credits and loopholes for its buddies in the green energy industry.
- Washington needs to cut spending, as the Treasury Department reported in January. Avoiding the sequester without a greater number of spending reductions will be more proof that Washington is not at all serious about balancing the budget.
- It lets the President off the proverbial hook. It was, after all, the President who proposed the sequester. If he really thought it was such a bad idea, why propose it, knowing Congress was likely to fail to come to a satisfactory replacement proposal in the so-called Super Committee?
Before November, the President claimed he was prioritizing deficit reduction. His attempt to avoid his own deficit reduction proposal should prove once and for all any talk about deficit reduction by President Obama pre-election was merely a political maneuver, one designed to make the American people and mainstream media believe he was serious about deficit reduction.
Obama’s playing with Congress, and the GOP keeps falling right into his hand. This way when the economy fails, he can blame the GOP. We need some people with backbone in DC.
The Justice Department is suing S&P on a technicality for $1 Billion. Must be trying to intimidate them so they won’t downgrade our bond rating when Sequester is ignored.
Actually, if you check the facts, the internal company emails are pretty damning evidence. How can S&P rate garbage securities as AAA?
The President is obviously trying to logically reason with an unreasonable opposition party.
Tea Party: PLEASE send out a letter to Washington (do not single out the President or Reid as this would make it a partisan letter and less appealing/address to all of Washington) and ask Americans to sign it. Then send it to all Senators, House Reps and the Pres, as well as all the media. It needs to say simply:
To our leaders in Washington:
We are a nation of believers and doers, innovators and entrepreneurs. We like to build and create, and the world is better for it. But we are tired — tired of slow to no growth, eroding opportunities, and “closed” signs.
We are tired of wasting time. Life is but time, limited time on earth, and with each year of stagnation, we lose another year of our lives. Washington has cost each of us four years of our valuable time. Enough is enough.
Our message is simple: No more tax hikes, cut the out-of-control wasteful spending, and balance the budget, now.
Remove the shackles and we will build.
Signed,
The People of America
who want to get back to living life again