I find myself somewhat split between Hands and SDW...and basically believng that the tax cuts are going through.
I realize that many conservatives are certain that Obama is going to shit-can his promises (as did Clinton). However, Clinton's priorites were different than is Obama's.
FIRST AND FOREMOST OBAMA DOES NOT REALLY CARE ABOUT THE LOOMING DEFICIT AS A FIRST PRIORITY, HE CARE's ABOUT HEALTHCARE/CAP AND TRADE/ETC. AND OTHER NEW COSTLY PROGRAMS AND HIS (AND HIS DEMOCRATIC SUPPORTERS) RE-ELECTION.
What my fellow conservatives and libertarians don't get is that the economic and fiscal health of the Republic is a much lower priority - regardless of what philosophy of taxation is thought to be best. Obama is using an old tactic to get his way (as I learned in my own public service) get as many debt programs passed and the politicians will HAVE to finance them later.
To a person who cared, his strategy would seem reckless. But actually is shrewd. If he only extends the middle and lowest class tax cuts, then he can keep a promise AND retain more Democrats in Congress. THEN they can pass lots of new programs after they return in 2011.
AND AFTER the agenda of massive new debt and entitlements is done, THEN Obama and the Democrats can roll back the extension and pass new rounds of tax increases...OR let the GOP deal with the crisis.
HERE IS MY PREDICTION: THE EXTENSION OF THE BUSH TAX CUTS, FOR MIDDLE INCOMISH AND LOWER WILL BE PASSED. ANY FAMILY WITH TWO WAGE EARNERS EARNING AN AVERAGE OF 125K EACH WILL FACE INCREASED TAXES IN EARNINGS AND DIVIDENDS
, AS WILL THOSE PAYING THE HEALTH REFORM TAX ON INVESTMENT INCOME.
IN 2011 MORE COSTLY PROGRAMS WILL BE PASSED (EG CAP AND TRADE) AND THEN THE GOVERNMENT WILL CRY 'CRISIS' AND OBAMA WILL ONLY THEN PUSH TO BALANCE THE BUDGET THROUGH MASSIVE NEW TAXES ON EVERY LEVEL (EXCEPT THE POOR AND LOWEST WORKING CLASS WHO WILL LIKELY GET MORE TAX REFUNDS).
Conservatives need to give this guy credit: he is the best grifter since FDR and LBJ.