THIS Will Be Obama’s Waterloo: Raising Taxes

WE knew that Obama was lying when he said that nobody making under $250,000 would pay a single dime of taxes more. When Obama comes out and states that he was “forced” to raise taxes because of the deficit that he helped balloon with all his reckless spending, his Waterloo will be met.  In the meantime, we need to continue the work to flip this congress in 266 days and keep this asshat at bay until we can boot his butt from the White House in 2012.

Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

Feb. 11 (Bloomberg) — President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

“The whole point of it is to make sure that all ideas are on the table,” the president said in the interview with Bloomberg BusinessWeek, which will appear on newsstands Friday. “So what I want to do is to be completely agnostic, in terms of solutions.”

Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year. When senior White House economic adviser Lawrence H. Summers and Treasury Secretary Timothy F. Geithner suggested in August that the administration might be open to going back on that pledge, White House press secretary Robert Gibbs quickly reiterated the president’s promise.

In the interview, Obama said that putting preconditions on the agenda of a bipartisan advisory commission, which he said he would soon establish, would just undermine its purpose.

Remember TurboTax Timmie back in August 2009 talking about new taxes on the table?

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