Forget what you’ve been hearing about the fiscal cliff being averted. Your taxes are going up. Beginning January 1 your FICA taxes (Social Security and Medicare) will return to their 2009 levels. In 2010, in an attempt to jump start the economy, President Obama reduced payroll taxes from 6.2 to 4.2 percent. Congress, in its [...]
Tag: "middle class"
Liberals love to cite how tax rates are at their lowest in recent memory, ballooning corporate profits, and how Bush era policies caused the financial meltdown. They seem to think these are ample reasons to argue why we shouldn’t deregulate our over-regulated economy. However, it is becoming harder for the political left to argue this [...]
Oh Dear! In 2008, President Barack Hussein Obama, while campaigning, said that George W. Bush caused wage losses among the middle class. Now we find, according to Mike Dorning writing for Bloomberg, that, after 39 months under Obama and his policies, wage losses are even more pronounced. All you Obama fan liberal/progressive/Democrat Kool-Aid drinkers who [...]
On Tuesday, December 6, 2011, President Barach H. Obama gave an amazing speech while in Osawatomie, Kansas. He said in his speech, “This isn’t about class warfare.” But as fellow Democrat Dale Bumpers testified at the Clinton impeachment trial, “When you hear somebody say, ‘This is not about sex,’ it’s about sex.” Among other things, [...]
Perhaps President Barack Obama, when videotaping his weekly address, should, before opening his mouth, at least look at what his own administration is releasing. Obama made a demonstrably false statement about what has happened to incomes of middle-class Americans over the past thirty years. On Tuesday, October 25, 2011, the Congressional Budget Office (CBO) released [...]