In response to:

Obama Won, Major Tax Bomb Still on the Way

awill Wrote: Nov 07, 2012 9:46 AM
Obama's reteric of The rich must pay their fair share/free stuff for everybody else won out over the business guy with the plan but bad marketing. Remember the brieghtbart web sight video of the Ohio Obama college voters? They new nothing of our economic situation or the bengazi failures, nor did they know Romney,Ryan's economic recovery plans at all. They acted like they never heard of them. Yet they were voting for Obama, it was the cool thing to do.

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....