Richardson lowers Obama's definition of rich [for tax increase]"

[FUZO]

TweetRichardson lowers Obama's definition of rich [for tax increase]" (Denver Post) It's now 120k









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Obama 250K, then Obama 200K, then Biden 150K and now Richardson say it will be 120K.




Quote:
This morning, New Mexico governor Bill Richardson, and enthusiastic supporter of Barack Obama, continued the downward ratchet of the level of income at which Barack Obama intends to confiscate income.

Obama started at $250,000, then said $200,000.

Joe Biden then dropped the bar to $150,000 three days ago.

And now, Bill Richardson says that "there is a tax cut for those" making $120,000 and under, implying that anyone making over $120,000 will be penalized by an Obama administration.

I realize that liberals will argue with that conclusion. But what alternative is there other than a weak argument that Obama might lower taxes below $X of income, raise taxes above $Y of income, and do nothing in between. I believe that outcome is unlikely, and if he tries it, he'll blow a huge hole in the budget.

Since Obama is planning one of the largest expansions of government spending in history it will not be possible to cut taxes for people below $X without having to either raise taxes on people above $X or create a budget deficit which dwarfs even the worst of recent government profligacy. And, as the repeated lowering of that bar shows, the Obama campaign is realizing that their budgetary sleight of hand during the campaign is simply too large to be believed, even by gullible Americans.

Maybe anticipation of record-breaking deficits is the reason that Barney Frank has been out talking about why we should ignore the deficit for a while, but I don't believe the American public will stand for government spending citizens' money freely while we all have to cut back...indeed causing us to have to cut back more because the dead hand of government is that much deeper in our pockets

[deepsouth]

Tweetlets face it- if he is elected -we are ALL Fawked!