In response to:

More Pain, Less Gain

renny4 Wrote: Nov 19, 2012 9:03 PM
I bet Nancy and her rich colleagues like Harry Reid (a millionaire since becoming a Sen.) are well protected from any new taxes on them.

President Obama and the Democrats have made a cottage industry of peddling "tax hikes for the rich" as the way out of the fiscal crisis precipitated by ObamaCare and other profligate spending.  

But with reports and polling showing that upper income spending has fallen since the beginning of September, the country may have a chance to see that "tax hikes for the rich" are not as costless as the administration and Democrats want Americans to believe.

The "rich" are pulling back in anticipation of tax increases coming down the pike in 2013.  As a result, it looks like they...