When the chickens come home to roost.

"GOD BLESS AMERICA, NO GOD DAMN AMERICA"
these are the words of the good reverend Jeremiah Wright. The reverend that our esteemed President Obama had marry him and Michelle, baptize his children and whose congregation he attended for 20 years but never agreed with his racist (yes, I said it) rants. But in the past 2 years I would say that Barry was in attendance the day these word were said. I'm not referring to the attacks on 9/11. I'm referring to the $14.3 trillion and climbing hole our magnanimous commander in chief has put us in. You sir have surely damned our nation for generations to come.

He has stood on his bully pulpit and proclaimed that only the "rich" will have to pay more in taxes. Really Mr. Obama? You consider $250,000 rich? I could beat the same horse that every other conservatives have beaten for the last 4 years (starting in the campaign). About how small business produce most of the new jobs in the U.S. No, I want to examine the taxes that he has imposed on the "rich". These are according to ABC News not FOX or another conservative news source.

President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.

1) On people making more than $250,000.

$338 billion - Bush tax cuts expire (these were tax cuts across the board to everyone)

$179 billlion - eliminate itemized deduction (how many of you file long form? How many of you itemize? Do you make $250,000?)

$118 billion - capital gains tax hike (this will be on investment accounts, property etc. Not limited to the $250,000 amount)

Total: $636 billion/10 years

2) Businesses:

$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit

Total: $353 billion/10 years 


This doesn't take in to consideration the cost of Obama care that will begin to take effect at least the taxes and payment next year. The 8% payroll tax on every employed person in the U.S. Does anyone really believe that big business' won't pass the increase in taxes down to consumers? If you do, please tell Santa, I'm still waiting for the pony I asked for in 1966. 


Our good President is doing everything possible to "redistribute wealth" (his words not mine) so that everyone has a "fair share". I'm not too clear is this communism or socialism? In either case it's failed every time it's has been. Why? One huge reason because everyone is not equal! If I bust my butt to get ahead, I should be rewarded. Not the dead beat that wants to smoke dope, play video games and watch online porn all day. I get damned irritated when some slimy glad handing politicians decide that I should give anything I worked for to someone else. It is my sincere hope that come November of 2012 his chickens will come home to roost.
And for those Republicans that think they can play both sides of the isle, chickens aren't too particular where they roost.