Remember the "lie of the year" for 2010? As PolitiFact called it, Republicans pushing a wheel chair bound grandma off the cliff (in their opposition to Obamacare) took the honors that year. But in 2013, someone is about to be thrown off the cliff alright - this time for real - and it is the American economy!
Yes America, we are the latest pawns in a game of political chicken. As Senator Murray (D-WA) echoed the President's sentiment, Democrats are ready to let all the Bush tax rates expire if Republicans do not relent on the top bracket being sacrificed at the alter of collectivism. Despite the CBO and Fed's warnings that letting the Bush cuts expire is forecast to cost upwards of nearly a million jobs and 3% in GDP growth (and remember that the economy has barely been growing 2%), Democrat demagogues are willing to cause a catastrophe in order to score what they perceive to be political points in their pursuit of fostering class warfare.
It is in holding with expected Democrat hypocrisy that the President himself had said a couple of years ago "the last thing you want to do when the economy is barely breathing is to raise taxes". Yet, when the economy is struggling even more than when those words by uttered by Obama, the Democrat mantra has changed thanks solely to political convenience. The question remains whether the Republicans will blink first.
Republicans need to hold strong here and make Obama veto a bill keeping all of the Bush rates in place. Then, once again, they need to point out that the so-called rich, making over $200,000 per year, already carry more than their weight as far as tax revenues are concerned. Those Americans who are still uninformed of the fact (thanks to the complicit media) that the top 1% who make 17% of the national income already pay 37% of the federal income taxes, or that the bottom half who make 13% of the national income pay only 2% of the taxes, or for that matter the inescapable fact that the higher taxes will hit 900,000 small businesses by the Administration's own estimates, will know who to hold responsible when the economy goes off the cliff come 2013. And it won't be the Republicans provided that they can effectively get their message out!
It is high time for conservative voices to draw distinctive lines between their individual freedom oriented philosophy and the collectivist philosophy of Democrats that is antithetical to our founding principles that has allowed us to be the most powerful, prosperous, and generous nation on earth.