Obama threatens to hold up social security and military pay checks in order to get his tax increases. This is after he said that we should not increase taxes in a failing economy.
Flashback to Obama on retaining the Bush Tax cuts: “Make no mistake, allowing taxes to go up on all Americans would have raised taxes by $3,000 for a typical American family and that could cost our economy well over 1 million jobs,” Obama said.
With the economy no better than last year, Obama appears quite ready to blackmail seniors and the military in order to get his tax increases.
Obama admits that the government has spent all of the money “invested” by tax payers into social security. Nothing is in there. Bernie Madoff went to jail for doing this kind of stuff to investors. The U.S. is going into debt to sustain the social programs.
Republicans should call Obama’s bluff on this, and use his latest statements in the political ads for 2012.