Tuesday, July 26, 2011
- "Read My Lips... There Will Be New Taxes!"
That's essentially the Obama position. No debt ceiling approval without new taxes on America's most productive citizens.
I heard Judd Gregg this morning saying that he believes Obama is trying to force a crisis because he wants an excuse to delay social security checks. He assumes (and he'll certainly say) that this is all the Republican's fault. But if a bill passes the house and Senate and he veto's it, then using his discretion as President (which in this matter is absolute) he withholds Social Security checks expressly to force some political gain, I think he'll be lucky to make it out of Washington DC alive.
If that happens, he may very well be the last Democrat ever elected to the presidency, and maybe the last one elected to national office.