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tax hikes

Jane Richey / February 24, 2013

Let the Sequestration Happen

Former Senator Jim DeMint:  “If we can’t get the president to come off the military cuts, we need to leave these cuts in place.  In most cases, it’s not really cuts. It’s just a slowing of the growth of spending which has been out of control for years. I would encourage Republicans, if the president’s not going to be reasonable about restoring military funding and allowing these other programs to actually be reduced, then they’re just going to have to swallow it. It’s a small percent of our total budget and, frankly, we’re going to have to do a lot more of these cuts if we’re going to balance the budget within 10 years.”

Obama has repeatedly demanded a “balanced” approach that consists of spending cuts and higher taxes for the wealthy. The president also says he and Congress have already made painful cuts of $2.5 trillion. DeMint said the president is simply not living in the real world.

“The president has a difficult time with the truth. We have not cut any spending in Washington. We’ve doubled spending in the last 10 years. He keeps talking about ‘revenues,’ which is their new code word for more tax increases,” said DeMint, citing the fiscal cliff deal and the Obamacare as major tax increases that have already been implemented.

Read more. 

Jane Richey / February 22, 2013

Obama and the Seuss-quester

On Pennsylvania Avenue, right near the end, there lived a President who wanted to spend.

He knew spending meant power, so hour by hour, he thought up more spends from his Washington tower.

“I’ll spend without limits; I’ll spend without blame! Raising taxes to pay—that’s the name of the game.”

Down the street, though, a House filled with thriftier folk had a budget to pass, or the country’d go broke. “We can’t spend all day; we’ve got bills to pay! Let’s keep deficits and higher taxes away.”

The Senate next door to the House just refused. “We don’t like your budget. We’ve got some bad news: The President says we can spend all we want, and we’ll simply raise taxes whenever we choose.”

So they spent and they spent and they borrowed some more. And when all that was spent, they spent same as before.

Read more.

Jane Richey / January 7, 2013

Mitch McConnell Says Will Focus on Spending Cuts

Senate Minority Leader Mitch McConnell (R-Ky.) on Sunday said Republicans will demand steep spending cuts during the next round of budget negotiations.

McConnell, in an interview with ABC’s “This Week,” said President Obama had won all he’s going to get on taxes in last week’s agreement to extend the Bush-era tax rates for most taxpayers.

“The tax issue is, finished, over, completed. That’s behind us now. The question is: what are we going to do about the biggest problem confronting us and our future,” McConnell said.

McConnell said the next round of negotiations over a deal to raise the debt-ceiling would need to include Democratic concessions on spending.

President Obama in his weekly address Saturday warned Republicans that a protracted fight over the debt-limit could have disastrous effects on the economy and said he wanted the borrowing limit raised and issues on spending and entitlements resolved separately.

Read more.
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