Here’s the class-warfare present that the clowns in Washington are giving us for the New Year.
According to some estimates, this “balanced approach” in this plan has $54 of tax increases for every $1 of spending cuts. That’s even worse than what’s been happening in Europe.
Keep in mind, though, that this assumes the dishonest Washington definition of a “cut,” which merely means spending doesn’t climb as fast as some artificial baseline that assumes an ever-rising burden of government spending.
But look at the bright side. Things have to get better from this point. Right? Maybe? Oh, wait, we still have the debt limit fight.