"Treasury Secretary Timothy Geithner on Sunday defended President Obama’s
proposal to avert tax increases for the middle class and avoid massive
federal spending cuts, saying it is a “balanced” and “detailed” plan and
that Republicans still have time to make proposed changes but time is
running out."
It's obvious that Obama's "plan" is not mean to solve anything. This "plan" which isn't even a plan is only meant to coddle his "gimme" base and irritate the Republicans. It solves nothing. But it does give Obama lots more money to squander along with a blank check to squander even more in an unlimited fashion.
During the presidential campaign Obama declared he would "raise taxes on the rich" to the extent of $800 Billions. Now, less than a month after the election, that has doubled to $1.600 Billions. This is without any reductions in spending and he would usurp Congress's responsibility to handle the purse strings of the nation.
This is a fight he cannot win and he knows it. So the "Campaigner in Chief" is out campaigning with the ignorant to back him in this issue. So, the game of chicken begins. He who blinks looses. But either way the US goes over the fiscal cliff. Bad for Obama, because he has no one to blame. Good for Republicans because it will destroy Obama's second term and write El Preseidente' into the history books as the most incompetent and criminal administrations since Grover Cleveland.
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