May 01, 2009

Obama to Take Some of His Signature Tax Cuts Credits Back one would expect, being that tax credits are not tax cuts. They're the equivalent of no-interest loans that are paid back a little each year at tax time. If the government overpays you, you have to repay it. DUH.

Add the cost of Medicare and Social Security, the upcoming cap-and-trade energy tax, eventual increases in gas prices, the expiration of the Bush tax cuts, "universal health care," bailouts, growing government and bureaucracy, his unprecedented and irresponsible trillion+ budgets, etc., and you have all of the makings of a catastrophic failure of a 'interesting" tenure for Barry.

By Good Lt. at 08:05 AM | Comments |