Like the Democratic governor of California, the President of the United States seems beholden to raising our taxes.
“You can’t,” the president said today during his press conference, “reduce the deficit without having some revenue increases in the mix“.
Well, maybe we’d be able to had he not so run up the federal credit card during his first two years in the White House. In the campaign, he promised a “net spending cut,” but delivered instead a dramatic spending increase, raising the rate of growth of the federal government far beyond the accelerated pace of the Bush years.
Seems he’s so insistent on a tax hike because he doesn’t want to scale back those increases. That “net spending cut” thing was just a campaign gimmick. Wonder what gimmicks his team has in store for his reelection campaign.