Of course, Carter only had four years to wreak his havoc, but thanks to the exploitation of those low-information voters, Obama and his pals will get eight. Here’s what’s in store next:
Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending.
Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next 10 years.
The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes.
The cuts won’t happen. Bas as the GOP is, the progressive Democrats are functionally unable to cut spending. Expecting them to cut spending is like telling your dog to balance your checkbook: He’ll look at you blankly then go back to licking himself.
But they sure know how to tax the ever-loving life out of stuff, and they’re just getting started.
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