I feel like a pendulum this election season. Something will happen that makes me want to eviscerate Obama’s statist policies and I’ll write a foaming-at-the-mouth post warning that the President is turning America into Greece.
But then Romney will do something odious and I’ll sound the warning sign with a we-don’t-need-another-big-spender-like-Bush post.
Today, it’s Obama’s turn on the chopping block. I went on Neil Cavuto’s Fox Business News program and commented on the fact that the President doesn’t have a fiscal plan.
We started by discussing the President’s failure to embrace the findings of his own Fiscal Commission and then shifted to the big-picture issue of whether the American people have become ensnared by the dependency mindset and are willing to vote for Greek-style fiscal policy.
One thing I should have added is that Obama actually does have a fiscal plan. He’s just not willing to be as honest as the leftists who have admitted that you need to screw the middle class with higher taxes to fund big government.
My own personal guess is that he would impose a value-added tax if he thought it was politically feasible. Not that I’m showing any great insight. After all, Obama already has made the ridiculous statement that a VAT is “something that has worked for other countries.”
But because he’s running for reelection, he’d rather just demagogue the Ryan plan rather than show his own cards.
P.S. Even the cartoonist for the Washington Post doesn’t think the VAT is something that is working for other countries. This cartoon is a classic and definitely worth sharing. And you can enjoy other VAT cartoons here and here.
International Liberty 
[…] President Obama Is MIA on Fiscal Policy […]
[…] President Obama Is MIA on Fiscal Policy […]
I hate that so many times in the history of the USA our national leader will not cut the federal budget and attempt to balance it like everyone else has to balance their family budget at home.
Lawyers For Ron Paul Have Tentatively Won The Lawsuit Against
I don’t think we have too much to worry about Governor Romney. He balanced the budget without raising tax rates and moved the legislature from the horrific socialized medicine to the marginally less awful Romneycare–all rightward moves in the face of a veto-proof socialist majority, which had tax hikes, spending increases, and full-bore socialism in medicine waiting, in effect, on his desk.
I think that, as Bill Clinton moved from a “moderate” with a conservative plurality in the Arkansas legislature to a liberal with a liberal Democrat majority in the US Congress (and moved back to the center when the GOP took over in 1995), Mitt Romney will move from a moderate with a 6/7 socialist Democrat majority in Massachusetts to a conservative with a GOP US Congressional majority.
By the way, Romney backs the VAT only as a replacement for other taxes. I believe that this is a position not unlike that of Dr. Mitchell….
I liked this part: “This isn’t saying that Mitt Romney would actually do the Ryan reforms.” I think this is a really important point and worthy of discussion now, not six months from now. Politicians are outright liars when it comes to their campaign promises. It’s amazing how cavalier we all are about it. But there remains very little reason to trust Romney.