Happy New Year! – and I told you so…

Well, 2012 will go down as the worst year of my life, not just because of Obama and what I see around me, but also because my personal life took a totally unexpected turn for the worse. Live & learn. I will spare you the details of my personal life, but I do want to point out that I am not feeling next year will be anything but more of the same political and economic bad too. And this brings me to my “I told you so” moment.

With both sides on the cusp of a fiscal cliff deal, President Barack Obama vowed Monday to seek additional revenue next year alongside spending cuts. In the process, he also angered several GOP senators who said he demeaned their efforts to reach a deal.

Obama said that a year-end deal to avert tax hikes for the middle class “is within sight, but it’s not done.”

The emerging deal, which sources have pegged at around $600 billion in new revenue, would include permanent extensions of current tax rates on individuals with income up to $400,000 and couples with income up to $450,000. But Obama made clear that he would demand additional revenue as part of any package next year.

Obama has sought a much higher revenue figure — $1.3 trillion — as part of a “grand bargain” in his failed negotiations with Speaker John A. Boehner, R-Ohio.

“My preference would have been to solve all of these problems … in a grand bargain,” Obama said. But “with this Congress, that was obviously a little too much to hope for.”

I doubt this deal happens still. And what I am certain of is that the taxes will be front loaded while there are no cuts. The same stupid people that usually think this sort of schadenfreude, wealth redistribution, soak the rich, politics amount to good fiscal policy, all cheered this crap. But they better rethink their giddiness, because they too will soon be in the line of fire.

Obama has already served notice that this was his first pass. He wants more money for government to spread around. A lot more! That $1.3 trillion – and remember this was to be collected over a decade – was his starting point. I bet he wants at least 10 times as much. The spending isn’t going to stop, and any cuts we ever get told will happen will basically amount to fiction. The rich can not cover what these people want to spend. So we are all going to end up paying more taxes. And that is over and above the massive hike Obamacare promises us will start on Jan 1st, 2013.

Enjoy it while it lasts. May 2013 not be the disaster it is shapping to become. Well wishes to all.

Comments are closed.

  1. richtaylor365

    Alex, with all sincerity I hope that 2013 brings gladder tidings for you and your family. You have alluded to personal misfortune in an earlier post, and for what it’s worth, sometimes talking/writing about bad stuff helps, either cathartic or getting a different perspective. Naturally the RTFLC community is here for you but will respect your privacy either way.

    I sure hope the dire situation you presented had little to do with the election. There is no one more convinced that Obama is a disaster of a president, the worse in history, and will foment the ruination of America if left to his own devices, but I was pretty much over it the next day and adopted a new resurgence to focus on things within my control. The country will get the government it deserves, but what is more important is your (and your family’s) personal status, your health and well being.

    Happy New Year to all, and here is hoping that 2013 brings joy and good fortune all around.

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  2. repmom

    I will spare you the details of my personal life

    First off – Happy New Year to you all!

    Second – Alex, since you have mentioned this bad thing in your life many times since your return, I think it’s time to give us the details. Get it off your chest, and then move on from it.

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    I want to wish everyone a Happy New Year. Hopefully things will improve.. ..me and my famoly are just about to head bak home from arizona.. its been a really enjoyable trip,to cap off a lackluster year.

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  4. CM

    Happy New Year to all at RTFLC. Summer here of course, which always make for a more pleasant start to a new year.
    Anyway, no matter your politics/philosophy, I hope 2013 is prosperous and happy for you all. Especially to those who suffered a difficult 2012.

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  5. CM

    P.S. Our girl Bar will be at the Superbowl on 2-3-13 (Go Daddy.com).

    Cool, thanks for the heads-up. We’ll be hoping for another Superbowl “wardrobe malfunction” then. ;-)

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