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#VRWC Twitter feed:
It's almost midnight. There's a "deal," but it's a really crummy deal and unlike feckless crapweasel Mitch McConnell I'm not a fan of tax hikes today for the promise of spending cuts tommorrow, maybe. So we'll go over the fiscal cliff, and here's why I think that's the best possible outcome. I wrote this earlier today when tbe prospect of a deal was fading. Given the last minute machinations I still believe that scuttling a lousy deal is better than accepting whatever shit sandwich Dear Leader tries to shove down our throats.
Why? Because it's time for his minions to feel the pain too. They need to experience the effects of their perfidy. This is where we separate the men from the boys.
Hey Obamabots, how's it feel to have to pay for your Dear Leader's Big Government dreams? You aren't feeling the pain yet? Don't worry, you will. Welcome to the party, because your taxes just went up, and all I can say is, it's about damned time.
During Obama's first term, federal spending grew to more than 24 percent of GDP — the highest it has been since 1946. Yet almost no one in the country (except smokers and those who frequent indoor tanning salons) saw their taxes rise. Quite the opposite: 160 million Americans saw their payroll taxes reduced from 6.2 to 4.2 percent.
How can we expect people to care about the growth of government if it doesn't cost them anything? . . .
So let's do it. Let's all of us experience the true cost of big government in the form of a bigger tax bill.
It might well be that the biggest mistake Republicans made during Obama's first term was forcing the president to extend the Bush tax cuts. At the time, it seemed like a major victory by the newly elected GOP House. But in truth, it was a victory for Obama. Extending the tax cuts shielded the economy from the full brunt of of Obama's economic failures and allowed him to put off job-killing tax increases till his second term. It's ironic. Obama never passed up an opportunity to blame President Bush for his economic woes, yet he rode the Bush tax cuts to reelection.
Extending the tax cuts also shielded Americans from the costs of Obama's spending spree. Shopping on a credit card is fun until the bill comes due. But if the bill never arrives, what incentive do people have to stop the spending?
The bill is now due. And guess what? You guys gotta pay it. Sorry suckers. It's what you voted for.
But wait, there's more pain coming in March! That's when the debt ceiling shit storm hits the fan. And the days of unlimited borrowing are over.
See, the real debt ceiling is the one eventually imposed by global financial markets at some point on a profligate Washington. When that happens, Congress won't be able to raise the ceiling even if it wants to. The only options then to avoid a financial crisis will be draconian austerity — both massive tax hikes and brutal entitlement cuts.
Yeah, you guys voted for that too. So enjoy the fun.
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