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:

https://twitter.com/BenHowe/statuses/290861718618382337

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.

https://twitter.com/DailyPlunge/status/290863294070276097

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.

https://twitter.com/markmoran_mn/status/290863097244184579

Will Obama propose any spending cuts at all?

Any cut would be a start RT @CNBC: Obama: We can't finish the job of deficit reduction through spending cuts alone. http://t.co/lFxuqywB

— Will Jackson (@WillJackson52) January 14, 2013

Don’t get your hopes up.