NOTE: A couple of people have given me the "give Obama a break, he's been in office for two weeks" response to this. Well, duh. My comment is not about his lack of speed in offering up a tax break for 95% of Americans. The comment was meant to point out that with the level of spending in this stimulus bill that Obama is pushing so hard down the throats of the American taxpayer with a bunch of scary speeches, he is going to create a debt hole so huge for this country that there is no way anybody's taxes are going down. Of course, some of us pointed out during the election that it is simply not possible to eat your cake and have it too. Obama claimed that his massive spending proposals (which, by the way, would have to be on top of this boondoggle) and his supposed tax cut wouldn't drive up the deficit. Well, Obama is now pushing a spending bill that the CBO thinks is so ill-advised and so bad that it will negatively affect the growth of the American economy for at least a decade.
So, guess what? There is no tax cut on the way for 95% of Americans.
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