Is there anyone who doesn't believe we are in financial trouble because government spends more than it needs to and more than it takes in?
Democrats in Congress are threatening to refuse extension of the tax cuts passed during the Bush administration. That means $600 billion worth of tax hikes, not counting the 21 new taxes to be imposed by Obamacare unless that monstrosity is repealed.
Remember what candidate Obama said four years ago, that you don't raise taxes during a recession? I guess all of that is inoperative when it comes to perceived political gain.
This is class warfare and has nothing to do with reality. It is also why Congress consistently has such low approval ratings. The public perceives that too many of them look after themselves and their careers first and not individual Americans who must balance their own budgets, if they have a job.
The only solution is to elect those in November who not only will extend the tax cuts, but reduce spending.
I'm Cal Thomas in Washington.
Publication date: July 17, 2012