Fiscal Cliff Is No Accident — It's The Left's Agenda

[Geee]

Investors Business Daily:

Even Jonathan Swift, who said promises and pie crusts are made to be broken, might have marveled at the limited shelf life of Barack Obama's promise of a "balanced" deficit-reduction plan — substantial spending cuts to accompany revenue increases.

Obama made short shrift of that promise when he demanded $1.6 trillion in immediate tax increases and mostly unspecified domestic cuts.

He also promised to cut $800 billion from 10 years of war spending that will end in two years, which is like "cutting" $800 billion by deciding not to build a ski resort on Mars.

Year after year, the Democratic-controlled Senate, ignoring the law, refuses to pass budgets.

Year after year, Washington makes big government cheap by charging Americans only $6 for every $10 of government services, borrowing the difference. And the biggest purchaser of U.S. government debt is not China but ... the U.S. government, largely through the Federal Reserve.

[Argyle58]

The sad thing is that the pResident does not have to compromise.....he's in a win/win situation. Either he gets to raise the top Federal income rate to 39% (which, when Obamacare taxes are taken into account actually reaches 44.5%), or he lets all of the Bush tax bill sunset and taxes will go up on all taxpaying Americans. Even many of the 49% who pay no taxes but receive large "refunds" will take a hit when the Additional Child Tax Credit disappears. Either way, he gets what he wants....more revenue, on paper, at least.