In another class-warfare move, The Hill reports on the latest Obama gimmick: his yet-to-be-released budget will include a cap on IRAs and other retirement accounts. Currently, there are no limitations on how much money can be in an IRA. The White House has a problem with that. The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, | Read More »
Howard Dean wants your money. The only problem is — and this is initially going to seem like heresy from a progressive is — the truth is everybody needs to pay more taxes, not just the rich. And it’s a good start. But we’re not going to get out of this deficit problem unless we raise taxes across the board, to go back to what | Read More »
Class warfare proved to be the winner in this election cycle as it was a key component of Obama’s policies and re-election rhetoric. The components of such a tactic were easily recognized: 1) the political opponent (Romney) will hurt those among us who are most vulnerable (elderly, poor, etc); 2) the political opponent (Romney) does not care about the “middle class”; 3) the political opponent | Read More »
Obama’s speech didn’t sound like an incumbent President. It sounded like defensive one. On Romney/Ryan: They want your vote, but they don’t want you to know their plan.…but Obama didn’t give us a plan, only class warfare and hope. The only “plan” he has is to (hopefully) tax the wealthy. The stinging class warfare quote stuck with me because it was so contradictory: My grandparents | Read More »
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