Democrat supporters are now discovering how badly Obama has sold them out in the Fiscal Cliff deal
http://www.washingtontimes.com/news/2013/jan/6/obama-supporters-shocked-angry-new-tax-increases/
"With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters.
“What happened that my Social Security withholding’s in my paycheck just went up?” a poster wrote on the liberal site DemocraticUnderground.com. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me more than the increase in income taxes will hurt those making over 400 grand. What happened?”
Shocker. Democrats who supported the president’s re-election just had NO idea that his steadfast pledge to raise taxes meant that he was really going to raise taxes. They thought he planned to just hit those filthy “1 percenters,” you know, the ones who earned fortunes through their inventiveness and hard work. They thought the free ride would continue forever."
The above article is extremely disingenuous.
Republican supporters got screwed just as much by Boehner and McConnell as the Dems did by Barack Obama and Harry Reid.
Republican supporters got screwed just as much by Boehner and McConnell as the Dems did by Barack Obama and Harry Reid.
Only some of the top 0.1% won in this deal - they got to keep all of the $1tn+ a year of annual Corporate Pork.
The great majority of the rest of the top 1% will lose on this deal.
As for the 99% - well, they just got screwed BIG time.
My comment on this article :-
FUNNY. One of the 2 guys that got me kicked off Democratic Underground for telling the truth about the Fiscal Cliff deal (RomneyLies) is now complaining that his taxes just went up by $93. (N.B. This sentence is not accurate, I looked up the actual comment - see Appendix.)
I called the Fiscal Cliff deal an abomination for America. It is.
Fiscal Cliff deal - a financial analysis. Obama's Corporate sell out. Tax hikes on the rich are a myth.
Summary
Taxes on the poor and middle classes are going to rise by between $200bn and $300bn a year.
Taxes on those earning over $250,000 will rise by about $70bn a year.
Taxes on those earning over $250,000 will rise by about $70bn a year.
There are ZERO cuts to the $1tn+ of annual Corporate Welfare.
There are NO cuts to military spending, currently at $1,219bn a year.
There are NO cuts to military spending, currently at $1,219bn a year.
There are NO spending cuts. Government spending is planned to rise VERY sharply to over $5tn a year by 2020. This is a 50% increase from 2012 levels in just the next 8 years.
This dramatic increase in planned spending will mostly go on more Corporate Welfare and military spending.
Social Welfare - SS, Medicare etc. is not planned to increase by 50% in the next 8 years.
Social Welfare - SS, Medicare etc. is not planned to increase by 50% in the next 8 years.
Appendix
The actual comment by RomneyLies :-
"I know to expect between $93 and $94 less in my paycheck on the 15th and then again on the 31st.
That'll be just for the FICA change.
The insurance change will be worse, but that's the fucked up management in my company fucking all of us over.
The FICA change I'll be proud to pay. The insurance change I have no choice but to pay."
RomneyLies has got it bad. He has been completely brainwashed and deceived by Obama, Goldman Sachs, big business and the large Corporations that own the media.
Lots of the other Dems posting on the same thread ARE bitterly complaining about the large additional amounts being taken in taxes from their paychecks.
Perhaps RomneyLies will start to wake up when unemployment starts to go up and the US goes into recession as a result of the abominable Fiscal Cliff deal.
I very much doubt that he/she will. But many other Dems WILL start to wake up that they have been conned by the politicians in Washington DC.
The reaction by GOP supporters to my comments on the Washington Times article was predictable.
They haven't learned anything from Boehner and McConnell conning them big time.
GOP supporters taxes are going up just as much as the Dems and it is all going to pay for Corporate Pork.
Corporate profits are at record levels.
Real median wages are hitting new 40 year lows and are now back to where they were in the 1970's.
U6 unemployment is at 15%.
The living standards of the middle classes continues it's relentless decline.
Congress's solution?
Protect Corporate profits and the income of the top 0.1% and raise taxes on everybody else.
Obamacare is a circa 3.8% tax hike. This will put the final nail in the coffin of the American economy.
Businesses are already starting to pass on the increased costs. It will mean inflation will be higher than it would otherwise be. This inflation will not be fully passed on in wage increases or government benefit payouts. Everybody will be worse off again.
Obamacare is a circa 3.8% tax hike. This will put the final nail in the coffin of the American economy.
Businesses are already starting to pass on the increased costs. It will mean inflation will be higher than it would otherwise be. This inflation will not be fully passed on in wage increases or government benefit payouts. Everybody will be worse off again.
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