more taxes coming up ?

[pinoybaptist]

Fiscal Cliff Deal Only Whetted Obama’s Appetite For More Taxes

http://www.westernjournalism.com/fiscal-cliff-deal-only-whetted-obamas-appetite-for-more-taxes/

Taxes: Anyone who thinks the fiscal cliff deal will end President Obama’s soak-the-rich campaign isn’t paying attention. Even before the ink had dried on his $620 billion tax hike, Obama was talking up his desire for more.
Obama hinted at this on Sunday on “Meet the Press,” when he told David Gregory that “you are not only going to cut your way to prosperity” and that “one of the fallacies” was that “deficit reduction is only a matter of cutting programs.”
But as the fiscal cliff agreement looked increasingly likely, Obama started talking more specifically about additional tax hikes. On Monday, he told a White House rally that “revenues have to be part of the equation in turning off the sequester.”
Translation: If Republicans want to prevent devastating defense cuts from automatically kicking in two months from now, they’ll have to choke down another round of tax hikes.
And he made it clear any future deficit cuts will have to include still more new taxes. “If Republicans think that I will finish the job of deficit reduction through spending cuts alone,” he said, “then they’ve got another thing coming.”
Read more at Investors Business Daily.

 

[mont974x4]

Nobody with any sense believed the tax issue was settled.

 

[pinoybaptist]

Nobody with any sense believed the tax issue was settled.

yes. but sometimes, some wounds need salt rubbed on, just for reminders.

 

[Aaron]

I say give him every tax hike he wants. Tanking now is less painful than tanking later.

 

[Oldtimer]

I say give him every tax hike he wants. Tanking now is less painful than tanking later.

Both are going to happen.

Taxes are going to go up. Either directly by pulling more dollars out of pay checks or indirectly as the effects of tax hikes, "fees", fines and penalties take their toll at the cash register.

We are going to "tank". This nation is bankrupt. The most of this world is bankrupt. At some point, the paper shuffling electronic house of cards built on nothing but pipe dreams and speculation is going to fall. There's no valid indicator that I've seen which will change -- Give me 2 more dollars cause I'm gonna save 10 cents and spend 4 dollars more --

The only advantage that I see in tanking later is that perhaps a few more folks will focus on putting getting out of debt AHEAD of "shop till you drop".

Even after saying that, I doubt that focus change will happen, except in rare instances. Instead -- Let me get all I can, while I can and CHARGE it. They can't take back the fine meals and other pleasures of life that I've enjoyed before I file chapter xx to write off my personal obligations.

Sound like the government?

Oh well.................... :type: