Obama Willing to Go Off “Fiscal Cliff” to Raise Tax Rates on Rich … Harry Reid Blocks Senate Vote on Obama’s Deficit Reduction Plan
What a joke and you are to blame America … You voted this snarky, vindictive, non-serious President back into office and now America will suffer for years to come. What a mess …
President Barack Obama nor US Senate Majority Leader Harry Reid are not serious about fixing the out of control government spending and the ever-growing $16 trillion national debt, all they care about is being vindictive and getting a liberal trophy for raising tax rates on the rich. Yesterday, Treasury Secretary Turbo Tax Timothy Geithner stated that the Obama administration “absolutely” willing to allow the United States to fall off the “fiscal” cliff unless Republicans drop their opposition to higher income tax rates on the wealthy. But what does this really do, nothing. The amount of revenue that would be gained as compared to the $16 trillion debt and continued +$1 trillion Obama deficit spending is like firing a pea at an elephant. The amount of revenue from raising tax rates on the rich would fund government for eight days. That’s it. So why is Obama so adamant about going off the fiscal cliff if tax rates are not raised? To of course get some kind of liberal trophy from the far Left of course. In the end it will accomplish nothing to help the problem we are in and will most likely cause us to go backwards into yet another recession.
President Obama’s lead negotiator in the “fiscal cliff” talks said the administration is “absolutely” willing to allow the package of deep automatic spending cuts and across-the-board tax hikes to take effect Jan. 1, unless Republicans drop their opposition to higher income tax rates on the wealthy.
Treasury Secretary Timothy Geithner said in an interview with CNBC that both sides are “making a little bit of progress” toward a deal to avert the “cliff” but remain stuck on Obama’s desired rate increase for the top U.S. income-earners.
So how serious is Obama and Reid about helping America through these troubled times of over spending? Not at all. they are merely playing party politics with America’s future. Barack Obama had presented a deficit reduction plan. Senate Minority Leader Mitch McConnell (R-KY) offered an amendment to force a vote on President Obama’s deficit-reduction plan, however, Senate Majority Leader Harry Reid (D-Nev.) blocked it. Do you think that Obama or Reid are serious about what they are doing? Hardly. Reid knew Obama’s plan was a pathetic joke and not serious. Reid knows that no self-respecting member of the Senate, including Democrats would vote for this crap. As reported at the Weekly Standard, Reid calls Minority Leader Mitch McConnell’s request to vote on the plan a “stunt.” Really, what would you call Obama’s deficit reduction plan then, that you are unwilling to put to a vote knowing it would fail and embarrass Obama?
It is obvious that Obama wants to go over the fiscal cliff, thinks he does not to negotiate and believes he is a King not a President.
Senate Minority Leader Mitch McConnell (R-Ky.) on Wednesday offered an amendment to force a vote on President Obama’s deficit-reduction plan, but Senate Majority Leader Harry Reid (D-Nev.) was having none of it.
“Last week [Treasury] Secretary [Timothy] Geithner brought up a proposal that was so unserious,” McConnell said on the floor, “I would like to see if my Democratic friends would like to support it.”
Senate vote on what he called the president’s “ridiculous” plan as an amendment to the Russian trade bill that is being considered.
Reid, however, objected to McConnell’s suggestion, saying the Russian trade bill, H.R. 6156, is about job creation, not political stunts from Republicans.
Barack Obama cared little during the first years of his first term as president what the people thought and forced through Obamacare. What exactly did you think this vindictive president was going to do if reelected knowing he does not have to face another election and has no accountability to ‘We the People”.