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Beware the Taxmageddon

Mike Brownfield...Brace yourself. In a mere 271 days, you and your fellow Americans will be hit with a tax hike the likes of which this country has never seen. The Washington Post aptly called the unprecedented $494 billion tax hike “Taxmageddon,” and Federal Reserve Chairman Ben Bernanke described it as a “massive fiscal cliff.” Whatever your preferred imagery, it’s a really big deal.

Despite all the warnings, President Barack Obama has kept his silence while Congress has made no apparent effort to prevent this impending calamity to families and the economy. The prevailing wisdom is that “something will get done” in a lame duck session of Congress after the election. But why wait? And why after the election?

Here’s why you should be worried. For starters, remember that this is the same President who in 2009 promised,

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Added: Apr-12-2012 Occurred On: Apr-12-2012
By: marc1921
In:
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Tags: Taxes, , obummer, , Congress
Location: Washington, District of Columbia, United States (load item map)
Views: 2128 | Comments: 6 | Votes: 1 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • This is the natural result of the tax-and-spend policy of the Congress (both parties) that has gradually become ingrained policy.

    Adding the impact of a Marxist president, it is reaching critical mass.

    If this whole situation is not reversed, the United States is headed for a new status in the world: that of a third-rate power laboring under a vast burden of social and economic oppression.

    People who have no wealth have no power. Drained of our wealth, we are increasingly unable to reverse More..

    Posted Apr-12-2012 By 

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  • It fits Obama's vision


    Vote Obama OUT in November. Any replacement will do

    Posted Apr-13-2012 By 

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  • the sheep will never believe this. we have to pass the tax hike bill to see how much it is.

    Posted Apr-13-2012 By 

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  • bush cut taxes in 2001 and two years later after invading two countries? So he increased military spending and cut taxes. Wow , what a stupid thing to do. No wonder we are in such debt. I do believe that is the first time in history a country cut taxes in a time of war. Worked out really well for us.

    Posted Apr-13-2012 By 

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  • Its about time Americans started paying back all the money Reagan, Bush_1, Bush_2 and now, Obama have borrowed. Of course, now that the 1% have moved their money and their businesses off-shore; the 99% will bear the costs.

    Posted Apr-12-2012 By 

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