Tag Archives: top 2%

Obama is ready and willing to go over the fiscal cliff!

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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