sunset from behind the wire

sunset from behind the wire

Friday, April 16, 2010

Another Obama Lie


On Income Tax Day, April 15th, barack hussein obama told America on his weekly radio address to the nation that members of the Tea Party Movement should thank him. He said, "one thing we have not done is raise income taxes on families making less than $250,000; that's another promise we kept."

In fact, that wasn't his promise at all.
Here's what candidate obama really said in September of 2008: "Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."
Got that? "Not any of your taxes." The claim of no tax hikes on those below $250,000 as a result of the current administration's policies is completely and utterly false.
FACT CHECK
A report from the House Ways & Means Committee's GOP members notes that, since January 2009, Congress and the president have enacted $670 billion in tax increases. That's $2,100 for each person in America. At least 14 of those tax hikes, the report says, break Obama's pledge not to raise taxes on those earning less than $250,000. Roughly $316 billion of the tax hikes — 14 increases in all — hit middle-class families, the report says.

This comes in addition to recent data from the nonpartisan Congressional Budget Office showing U.S. spending and indebtedness growing at an alarming rate. Government spending now totals 25% of GDP, a quarter above its long-term average. By 2035, it will hit 34% of GDP at current trends — a 70% increase in the real size of government in just 25 years.

More spending means more debt. In 2008, total federal publicly held debt was about $8.5 trillion — an amount Uncle Sam took 220 years to accumulate. By 2020, that will soar to $20.3 trillion, a 139% jump. No surprise the Government Accountability Office last week said the U.S. is on "an unsustainable long-term fiscal path."  (h/t IBD)

9 comments:

  1. And we haven't even seen what's really coming if we don't put the breaks down in November with some staunch "proud party of NO" types. We can't have anymore deal-making RINO's. If he manages to pull this country into a genuine nosedive, that's when Obimbo will start declaring all kinds of emergencies - no idea what that's going to look like but it won't be pretty.

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  2. Best not to confuse Obama with actual facts. :-(

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  3. Surely you don't think obama would try to mislead the masses? Pshaw!

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  4. A good summary that indicates that The One isn't only a liar, he's a cheat with a hidden agenda.

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  5. What 14 taxes has Obama increased on those making less than $250,000/yr?

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  6. Surely Obama wouldn't mislead his flock? Not the Obamessiah.
    Ain't that a crock a sh*t.

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  7. Wow, nice that you even allow anonymous ones to post--I used to, but what a disaster that was. Anyway, fair question and good response by you here and in your next post. I already knew that BO has raised taxes on all of us who pay them and that more are coming. What amazes me is that anyone in this country doubts it! Further, when taxes are raised only on the "rich," guess who foots that bill, too, with higher utility, gas, product prices? Yep, people making well under $250k, but then BO can look amazed and horrified and point to the greedy companies who he knew would do exactly that. He's a snake.

    Oh, and if that's not good enough, let's just tax the heck out of cigarettes, sugar, salt, whatever, doesn't matter, let's tax it.

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  8. Fuzzy, this was a troll that hit several blog sites. It gave me the excuse to respond with more detailed facts. Note that the troll did not raise his/her ugly head again.

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