Here we go again… Obama hints at new tax increases

What does it mean? For an answer, we have to get help from the #ObamaTranslator:

That sounds about right. After all, the fiscal cliff deal he signed two weeks ago raised taxes by only $41 for every $1 in spending cuts. Clearly, a “balanced approach” requires a much heavier reliance on tax increases.

Note also President Obama’s talk about “finishing” the job of deficit reduction as if he has been hard at work cutting the deficit for the last four years and just needs to tie up some loose ends.

Will Obama propose any spending cuts at all?

Don’t get your hopes up.

  • Thanatos144

    Its sad but Obama seems to think not getting all the tax increases as a cut in spending…

  • Thanatos144

    Its sad but Obama seems to think not getting all the tax increases as a cut in spending…

  • http://www.facebook.com/people/Marcy-Cook/1001619613 Marcy Cook

    He’s so delusional and “lonely” he actually thinks he made some spending cuts.

  • http://www.facebook.com/people/Marcy-Cook/1001619613 Marcy Cook

    He’s so delusional and “lonely” he actually thinks he made some spending cuts.

  • ZoriahShepard

    He won’t stop until the wealthy and successful are brought to their knees.

    • http://moriahjovan.com/talesofdunham Moriah Jovan

      Except the people being brought to their knees are the working poor and all shades of middle class. Obama’s people were fooled once and are being socked in the face with their inability to make their bills. Will they actually say something this time?

  • ZoriahShepard

    He won’t stop until the wealthy and successful are brought to their knees.

  • Grumpa Grumpus

    How the heck does he know?
    He hasn’t tried it yet!

  • stuckinIL4now

    What, you mean defred has begun? Did I blink and miss it? Just what I thought–can’t start the job of defred without spending cuts–and a lot of ’em.

  • http://twitter.com/thetugboatphil TugboatPhil

    Hey, Preezy! Know what else would bring in money to the gubmint? A working economy.

  • http://www.theconservativevoices.com/ dmacleo

    agreeing to less of an increase in projected spending (while still increasing) is NOT a reduction in spending.

  • Gallatin

    How about coming up with just one spending cut.

  • Kevin Hill

    Obama is the raiser of taxes , daniel old testament

  • centralmassmom

    Living in the state of mini Obama – Gov Patrick who wants raise income tax and in the same breath talks about a mileage tax and gas tax increase. I think some of us may be hitting the 60% tax rate before too long if all these increases go into effect.