With the president participating in successful last-minute efforts to prevent crushing, automatic, across-the-board tax hikes that would have done disastrous damage to the U.S. economy, it’s time for Barack Obama’s angriest critics to finally give up the paranoid fantasy that he’s some sort of alien agent with a secret agenda to wreck capitalism and weaken the United States.
Everything about this paragraph is wrong. The tax increases to which Michael refers would take taxes up to the level that they were during the Clinton administration, which happens to be the last truly prosperous era we had. Odd, though, that he doesn’t mention the spending cuts.
The real “fiscal cliff” is when we exhaust our ability to borrow money. At that point, whether we cut spending or embrace hyperinflation, we’re all in for a pretty unpleasant drop in living standards. The string of budget deals preventing us from getting our deficit under control only hasten that day.
No, Obama’s plan for the destruction of America is the same as the Republican plan: keep importing foreigners through immigration.