Monday, August 1, 2011

Middle classes to be hit by tax increase by the back door

You can't justify a massive power grab if you've got too many people who can sustain themselves independent of government. That is why the policy is to destroy the middle class, and create a gaping chasm between the ultra-rich elite and the destitute poor. And if you think that sounds absurd, that is precisely what's happening: the middle class is being annihilated. Been going on for a long time, and yet here we see that the middle class again will be hammered by this new debt deal. So I ask you: what do their actions tell you? Are crippling taxes on the middle class in the middle of an economic crisis indicative of a policy intending to strengthen and expand the middle class?

    Daily Mail -

    Obama and Boehner face furious backlash from their own parties as last minute debt deal is slammed a 'fudge'

  • Democrats fear further spending cuts while Republicans say deal is just a means of raising taxes at a later stage by joint committee
  • Frantic behind the scenes lobbying expected to get lawmakers on the fringes of both parties to support deal
  • Experts fear credit rating will still be downgraded
  • Furious public backlash on Twitter
  • Deal slammed a 'sugar-coated Satan sandwich'
  • Obama: Debt deal will end crisis and remove cloud over the economy
  • Agreement will cut about $1trillion over 10 years

    President Barack Obama awoke today to furious reaction to his last-minute debt deal, with experts slamming the agreement as a cruel means of hitting middle classes with tax hikes 'through the back door'.

    The President and congressional leaders last night finally announced an agreement on emergency legislation to avert the nation's first-ever financial default.

    But while the dramatic resolution briefly lifted a cloud that had threatened the still-fragile economic recovery, critics said in the long run the middle classes would bear the brunt of the country's massive debt, with increased taxes set to cover for the White House's reluctance to cut public spending.

Read it all.