May 01, 2009

Obama to Take Some of His Signature Tax Cuts Credits Back

...as 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 |