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  •  obama rings in another surrender (1+ / 0-)
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    cany

    http://www.latimes.com/...

    to get a deal, Obama had to accept far less new revenue than he had wanted. In his reelection campaign, Obama had called for raising taxes on income over $250,000. The compromise starts the increases at $400,000 for individuals and $450,000 for couples. Overall, the deal is projected to raise about $620 billion in new revenues over the next 10 years, almost $1 trillion less than Obama had asked for.

    Without that extra revenue, White House officials have said, the nation eventually will face punishing cuts in Social Security, Medicare and other domestic programs. Concern that the deal included too little revenue led liberals in the Senate to threaten repeatedly Monday to pull the plug. Obama, they said, was giving in too much to Republican demands at the point where he had maximum leverage.

    Caved on the income tax rise for $400K instead of $250K and pre-emptively surrendered old people too. Bush doctrine: pre-emptive attack and turd blossom. Obama doctrine: pre-emptive surrender.

    "Your victory has demonstrated that no person anywhere in the world should not dare to dream of wanting to change the world for a better place." -- Mandela

    by agoldnyc on Mon Dec 31, 2012 at 10:41:39 PM PST

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