Whether the deal to reduce the government deficit passes or not, says radio talk-show host Rush Limbaugh, the American people are still going to get a tax increase.
“Any way you slice it you are going to get tax increases. That’s how screwed we are,” he said.
Limbaugh blames the complex accounting done by the Congressional Budget Office, he said on his radio show on Monday.
President George W. Bush’s tax cuts that are due to expire at the end of next year, he says. If Obama extends the cuts, the CBO will consider that a $ 5 trillion reduction in government income which will have to be made up elsewhere. If they expire, that’s a direct tax hike on Americans, Limbaugh said.
“Anyone wanting to tell you there are no tax increases in this technically may be right, this piece of legislation does not have a specific tax increases in it. But what’s slated to happen over the next few months results in one,” Limbaugh said.
Read More at Newsmax.com By Martin Gould, Newsmax.com
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The real meaning of the debt deal….Can you say taxpayers are screwed again?
What? Stop the handouts to able-bodied people? Why are you so mean? Look at it this way, it still is Lucifer's world, isn't it, UNLESS you are called out of it, but that doesn't happen very often, does it? No? Please, don't forget, by nature, men are "hunters" and women are "gatherers." Did I mention that "gatherers make up by far the largest voting block? Again, watch!
Everybody should've known.
Gary,
Rush Limbaugh summed everything up neatly in the following at Grass Fire Nation on Alert.
Obama and Boehner struck a debt ceiling deal yesterday.
House and Senate votes are imminent TODAY.
Rush Limbaugh said today that he'd "love to support it,
but.", noting that this deal is NOT a victory for the
Tea Party.
The fact is, it's a dirty deal. Here are a few reasons why:
–The "dollar-for-dollar" spending cuts are not real.
Obama gets $900 billion in debt ceiling increase NOW in
exchange for $1 trillion in spending cuts OVER TEN YEARS.
As we know, future "cuts" in government spending are not
cuts at all.
–The real causes of runaway government spending are not
addressed. Entitlements are left untouched. Baseline
budgeting (which guarantees ever-rising government
spending) is intact.
–The risk of a downgrade in our credit rating has not
been addressed because runaway spending has not been
addressed!
–The Obama Stimulus levels of spending are now permanently
entrenched in future government spending models.
–The debt only rises in a never-ending upward trajectory.
The $900 billion raise in the debt ceiling will not even
last one year. An additional $1.2 trillion in additional
debt will be "triggered" to carry the nation through
the election.
–There are allegedly NO tax increases but that is smoke
and mirrors because the CBO is projecting that the Bush
tax cuts will not be extended. If the Bush cuts are NOT
extended, that amounts to a huge tax increase. If the Bush
tax cuts ARE extended, the CBO projections fall apart and
other tax increases will be mandated by the trigger mechanism
in this bill.
–Finally… the LEFT is coming away from this debate with
one of their key goals accomplished: demonizing the Tea
Party. According to Politico on Friday, the Tea Party has
moved from "hostage takers" to "full-blown terrorists" who
are "craven to inflict massive harm on innocent victims to
achieve their political goals." (Link below)
*********************************************
Grassfire Nation Links for your research:
POLITICO ON TEA PARTY "TERRORISTS" http://www.grassfire.net/r.asp?U=45794&RID=31…
Breakdown of the "Deal" http://www.grassfire.net/r.asp?U=45795&RID=31…
Versailles on the Potomac
(How spending cuts are really spending increases) http://www.grassfire.net/r.asp?U=45796&RID=31…
+ + + + + + + + + + + + + + + + +
Grassfire Nation, a division of Grassroots Action, Inc., is a
million-strong network of grassroots conservatives that is
dedicated to equipping you with the tools that give you a real
impact on the key issues of our day.
Copyright 2011 Grassroots Action, Inc.
*******************************************
Comments? Questions?
http://www.grassfire.net/r.asp?U=45797&CID=16…
*******************************************
Grassfire Nation
PO 277
Maxwell, IA 50161
Agreed, I subscribe to Grassroots also and saw that.
I think something is ready to hit the fan.
P.S. and I think that Sarah Palin is right that if teaparty really is terrorists, he would be
buddying up with them.
Gary,Lol!
Good point!
As far left Obama and the WH is I would not put anything passed them. By hook or crook they have something down the road that dam sure not like or want. If the markets keeps going down they all better change their undies.