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FISCAL CLIFF 2012 - 2013 - PRESIDENT OBAMA HAS NO INTENTION OF BALANCED APPROACH WITH REPUBLICANS

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Published on Nov 26, 2012

The fiscal cliff is looming and although President Obama says he wants to reach across the aisle and have a balanced approach to solving the Bush tax cuts expiration that will cripple the economy, he is lying and he has no intention of working with the republicans.

Why do I say that, because although he talks about this balanced approach, all he has proposed is a $1.6 trillion tax hike to finance a larger government with no indication that he will actually reduce spending. None. In fact, not only does Obama want to raise tax rates, it is looking like he wants to limit deductions as well.

Obama wants a $1.6 trillion tax hike over 10 years, but by raising the two top tax rates in his tax the rich philosophy, it will only produce $440 billion in revenue, so where is he going to get the rest? Well, he's going to have to include more tax brackets, and limit itemized deductions and phase out the personal exemption and include capital gains, dividens and include estate tax hikes.

Bottom line, Obama is a fraud and he will hold some press conference or speech from the oval office talking about new ideas, a balanced approach and trying to get republicans to work with him when it is he who has made such ridiculous proposals that no republican in their right mind would agree to.

Where are the spending cuts President Obama, where are they? It's always about increasing revenue to this guy, this fraud, this manipulator of the masses. Government is a consumer, a beast, a monster that oozes and sucks the life out of the economy and Obama is the driving force behind the dark cloud enveloping our nation.

There is no compromise in this man. There is nothing but phony treachery in this guy. I hope you are prepared, because it's just beginning.

http://youtu.be/FFLvSLx0dg4

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