Those curious as to whether or not the GOP gained anything by submitting to the desires of Harry Reid, Nancy Pelosi and Barack Obama should simply digest the words of conservative columnists Charles Krauthammer. “Look, there are a lot of conservatives in the Republican caucus in the House who hate the bill for good reason. This is a complete surrender on everything,” Krauthammer said to Politico. Indeed, Boehner and many Republicans completely surrendered.
Remember, the initial point of the badly labeled “fiscal cliff” situation (we went over the cliff years ago) crafted by Boehner and friends was to limit spending and initiate a new tax cut deal with new cuts to the level of government spending. We believe Obama would have been completely happy with the “cliff” and this is the direction it would have gone had Obama and Reid not been able to pass a more dangerous option. What Boehner just agreed to is, in fact, more dangerous. Here are the facts.
- 77% of households will see a tax increase, with the average hike for those making between $50K and $200K being $1,635. This is a result of the expiration of the payroll tax cut.
- The deal adds $4 TRILLION to the federal deficit over the next ten years.
- The deal adds an additional $330 BILLION in new government spending over the next ten years.
- The deal removes $650 BILLION from the private sector economy and funnels it through government to be dispersed in expanded entitlement/socialist style programs.
- The deal is LOADED with kickbacks, paybacks and sweetheart deals for Hollywood and various other industries favorable to the Obama regime.
- In total, the deal comes with $1 in spending cuts for every $41 in new spending.
How is this a good deal? And how in the world can any Republican who claims to support the idea of lower taxes and less government vote for such a disaster?
The only logical conclusion here is that Republicans who supported this tragedy were properly sent in to a fear frenzy by media and their allies in the Democrat party. They were, once again, mislead in to believing that by caving on their principles and promises, they will save their political careers in future elections. This mentality clearly took priority over doing what is right.
This bill didn’t avert any sort of fiscal cliff. This bill actually pushes us further over the edge.
Buckle up, folks. The ride is going to get bumpier. More on this tomorrow.