Thanks to Obama’s penchant for spending on his favorite things like the failed stimulus, Obamacare, and Dodd-Frank, the president has taken the debt from $10 trillion in 2009 to over $16 trillion in four years. President George W. Bush spent that in eight years. As Senator Rob Portman noted in a recent Wall Street Journal editorial, our “national debt now tops $130,000 a person” and allowing the $800 trillion in Bush tax cuts to expire for higher earners only pays for “nine days of spending.”
Why aren’t House Speaker John Boehner, Majority Leader Eric Cantor and Senate Minority Leader Mitch McConnell getting their people in line and hammering away at these facts?
Why isn’t the GOP reminding Americans that the $3.2 trillion in Bush tax cuts Obama wants to protect for 98% of Americans “was proposed and put into law largely by Republicans.” So if Obama admits we can’t afford to hit the middle class with tax cuts then it wouldn’t be good to hit 2% with $800 trillion in tax cuts either because this group includes small business owners, who create jobs and put money back into the economy.
Moreover, why isn’t the GOP reminding Americans as Portman wrote only 4% of the $12 trillion of in deficits accumulated from 2002-2011 was due to tax hikes on the rich or that Obama’s $3 trillion budget increases spending by $1 trillion over ten years. Curiously, Obama’s relentless quest to make higher earners pay more in taxes would only pay 7% ($80 billion a year) of Obama's $1 trillion yearly deficits.
Why aren’t Republicans reminding Americans Obama's budgets are so out of control they never passed Congress? Obama’s cliff bargain of $1.6 trillion in tax hikes on the rich is the same cost of “the three entitlement programs in 2012,” (p. 379, The Price of Politics) but Obama refuses any reforms to entitlements or cuts in government spending. In ten years Medicare, Medicaid and Social Security will cost $3 trillion.
“The single biggest threat to the future of this country—there’s nothing even close—is the unsustainable path we’re on, driven by excessive generosity beyond our ability to pay . . .on very popular programs,” said McConnell, (p.364, The Price of Politics). Why aren’t Republicans telling the American people this story?
If Republicans cave into Obama’s demands to punish higher earners with tax hikes while all other earners enjoy the lower Bush tax cuts, the GOP will lose all credibility with the American people. Looking to the 2014 mid-term elections and the 2016 presidential election, Democrats will campaign against untrustworthy Republicans. “They said they were for lower taxes and raised taxes. Their presidential nominee Mitt Romney changed his positions like the wind to suit the political climate. What does the Republican Party really stand for?”
It’s time for Republicans to stand, deliver and let Obama face his own cliffhanger. America has a spending problem, not a taxing one. Do or die. The moment is now!
House Republican: If Tahmooressi Isn’t Released, Mexico Will No Longer Be Treated as our Friend | Amanda Muñoz