Treasury Secretary Timothy Geither says the Obama administration is “absolutely” ready to go over the fiscal cliff (causing $600 billion in automatic spending cuts and tax increases), if the Republican House of Representatives refuses to do Obama’s bidding and raise taxes on Americans with incomes in the top 2%. Obama believes he has absolute power, and that it’s irrelevant that the American people elected a Republican House of Representatives– he’s made it very clear that he’s willing to sacrifice the prosperity of the American people in order to get his way.
Update: It turns out that 75% of Obama’s proposed tax hikes– which the Republican House of Representatives oppose due to the flailing economy– go toward NEW government spending!
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[…] only is Obama ready and willing to take the U.S. over the fiscal cliff– he actually WANTS America to be brought to ruin! The wishy-washy Speaker of the House, […]
[…] only is Obama ready and willing to take the U.S. over the fiscal cliff– he actually WANTS America to be brought to ruin! The wishy-washy Speaker of the House, […]