Back to square one. The supercommittee failed. That wasn’t a surprise. The Democrats wanted more revenue (taxes). The Republicans believe taxes should not be raised on anybody during these bad economic times, and even former President Bill Clinton agrees.
President Obama and the Democrats just can’t let go of their campaign strategy (“it’s the rich, stupid”). Time and time again – budget debate, debt ceiling debate, supercommittee debate – their answer is to raise taxes, primarily on the rich. It’s a broken record.
The American people said “no” to new taxes in 2010, and Colorado voters recently reaffirmed that view by a wide margin. The time is now to reduce spending and reform all entitlement programs, not raise taxes.
Obama is steering this country in the wrong direction, and we are headed the way of Greece. He spends too much time campaigning, blaming the Republicans and bashing the rich. They aren’t the problem. He is.