In response to:

Obama Won, Major Tax Bomb Still on the Way

arrogance Wrote: Nov 07, 2012 12:56 PM
Remember when the Republican party gleed over the fact that Chicago lost its Olympic bid. Proof positice the Republican party hates America and will continue to do so.
Johnny L. Wrote: Nov 07, 2012 1:18 PM
I don't recall republicans gleeing over that. We did point out how it was yet another in a long series of Obama failures.

President Barack Obama won re-election Tuesday which means the United States is in the same exact fiscal situation it was in on Monday. We’re staring at $16 trillion in debt, but the more immediate problem comes on January 1 when every family will see a tax increase of $3500 as the Obama-Bush tax cuts expire and when more ObamaCare taxes kick in, better known as taxmaggedon.

First, let’s start with the first tax increase of $3500. This will happen if House Republicans, Senate Democrats and the White House can’t come up with a deal in the next 63 days....