The Right Opinion

Waiting for the Sequel

By Michael Reagan · Jan. 3, 2013

The latest horror movie from Washington – “The Fiscal Cliff” – finally came to an exciting end in the early hours of 2013.

But after two years did its climax – more taxes, more spending and more chicken-livered can-kicking by our politicians – really shock any of you over the age of six?

Didn't think so.

Spinning the budget deal as a last-minute victory for the American people, the White House and Congress are saying that all the actors knuckled down, did the right thing and created a compromise budget deal that kept the country from going over the fiscal cliff.

Bull. As usual.

The Washington In-Crowd didn't save the country from going over the fiscal cliff, which of course they created in the first place. They just shoved the edge of the cliff a couple of months down the road.

After two years of arguing over taxes, the federal debt, government spending and how to fix the ticking fiscal time bombs of Social Security and Medicare, the professional politicians solved nothing.

They merely did the easy, politically painless stuff.

They raised tax rates from 35 percent to 39.6 on the so-called rich who make more than $400,000 individually or $450,000 as a couple. They extended unemployment benefits for a year.

They extended the Bush-era tax cuts and made them permanent, something even President Obama secretly favored because he knows that ending them would throw the economy into another recession.

But the Washington In-Crowd failed the American people yet again. They didn't reduce the deficit by a single dollar. They didn't create a single job. They didn't cut or cap federal spending. They did nothing about Social Security or Medicare.

The revenues they'll bring into federal coffers with their higher taxes on the rich will be spent by the end of the week. They were so busy doing the easy stuff they never even got around to passing a bill to help the victims of Hurricane Sandy.

Meanwhile, while everyone was watching the chessboard to see how high taxes were going to be jacked up on the rich and successful, Congress shafted the middle class and the working poor by voting to let President Obama's two-year-old, 2 percent payroll-tax cut expire.

The Obamamedia won't be making a big deal out of it, of course, but nearly everyone who earns a paycheck was given a tax hike. According to the Tax Policy Center, about 77 percent of households making between $50,000 and $200,000 will be paying higher FICA taxes in 2013.

On average, starting this week, about $1,600 of an individual's income will again be taken from his or her paycheck annually and sent directly to the bankrupt coffers of Social Security.

President Obama and the advocates of Bigger Government were the winners in our latest fiscal melodrama. Obama set the agenda and he got what he wanted. Republicans who wanted real spending cuts or some semblance of fiscal responsibility got rolled.

In two months, it'll be time for Congress to vote on raising the federal debt ceiling. We'll hear the same arguments and scare stories from the White House and the media about what will happen if we don't allow the Washington In-Crowd to borrow a few more trillion dollars to keep their borrowing-and-spending racket going.

America will find itself being forced to watch another Washington horror flick. And unless voters wake up and the GOP gets its act together, “Fiscal Cliff, Part 2” is going to have the same unhappy ending for conservatives as the original.

Copyright ©2013 Michael Reagan

5 Comments

Doktor Riktor Von Zhades in Western KY said:

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I would add here, that they likewise screwed the American people by mandating via the O-Care bill, that all P/T employees that work 30 hours be now considered full time employees, and as such MUST be covered by health insurance. This of course had exactly the opposite effect of what they thought was going to happen, or as we call it the law of unintended consequences kicked in and came into play. There was posted on the bulletin board at my job a notice from the corporate office (that actually used the word Obamacare), that all PT employees would no longer be able to work more than 29 hours. The reason for the 29, was due to the fact that sometimes we clock in a minute or two early or stay a minute or two later. This way we can not possibly hit 30. I myself, averaged about 30-34 hours per week, which was decent. But thanks to the DC dimwits, I will lose those few hours and actually see less in my paycheck, way to go you Neomarxist losers! Additionally I already noticed the increase in m FICA Taxes. So, not only am I now taxed higher, but I am also bringing home less in my paycheck. Thank you El Prezbo, I will so enjoy eating tuna helper by candle light, as most of my expenses, (if I'm lucky), will stay the same, while you dine on fine meats, and go on nice jaunts on the backs of the taxpayers.

All of you people in DC, make me sick, as I truly believe you see yourselves as royalty, let em cake......

Thursday, January 3, 2013 at 9:14 AM

Ct-Tom in NC replied:

Doktor, We are all going to pay, and it's going to be painful. We are over $16T in the hole! Somehow, it's going to be paid back (taxes, inflation, something), and given the current pack of miscreants in charge, we ain't seen nothing yet.

Thursday, January 3, 2013 at 10:05 AM

READY4ACHANGE in ILLINOIS said:

Yea - for all those Neomarxist losers who voted for this POS - where is he at while we are struggling?? On a TAX-PAYER funded vacation in HAWAII! So much for caring about us lowly taxpayers, or those struggling to survive after Hurricane Sandy. I hope all those that voted for him get what they deserve. Idiots!

Thursday, January 3, 2013 at 10:24 AM

richard ryan in Lamar,Missouri replied:

Ready4Achange: I just read elsewhere that Obama`s trip back to DC where he would humiliate congress with his childish speech, cost us taxpayers an additional 3 million dollars on top of the original 4 million for Hawaii vacation part one. That of course, dos not include the extra cost for the added security costs and the cost of the cargo plane that follows Air Force 1 around. If something untoward should happen to the half-breed in the oval office, I`m going to celebrate by buying an American flag and flying it at full staff for 30 days.

Thursday, January 3, 2013 at 6:26 PM

Wayne in Hinesville, GA said:

Let's face it, we don't have enough folks in Congress who have the guts to standup to Reid, Boehner, and Odumbo and tell them enought is enough. Spineless jerks whose only concern is getting reelected and living off the taxpayers dime. With all their crying about the middle class everything they do is going to hurt the middle class but will do nothing to rein in welfare spending. Cutting working peoples hours to avoid Odumbocare will just be another burden on the middle class. Just saw a report that we are sending Egypt another 1.5 billion this year. 80 percent of Egypt's weapons systems are paid for out of that money. Nothing like arming your enemies in my book. I would say that money would be better spent here but they'ed just find another way to waste it. Next thing we know they will figure out someway to help North Korea and Iran fund their weapons development programs. Calling them dumb would be insulting dumb people.

Thursday, January 3, 2013 at 10:42 AM