Day 42 of Barack Hussein Obama's Debacle

As everyone who pays any mind to my diatribes from time to time, I hope you have come to the realization that I'm a devote die-hard Conservative Republican, and since I'm retired Military, maybe it's safe to say that I love my Country. Now I have to set here, with my hands tied basically, and watch some clown who can't even prove to the voters that he is fully qualified for the job the voters voted him into, tear my country apart with his "Doomsday Spending".

President Barack Obama's proposed tax increases are being met with misgivings by both Republicans and Democrats in Congress. Lawmakers in both parties question Obama's call to reduce high-income earners' tax deductions for the interest on their house payments and for charitable contributions. Also drawing fire is his proposal to start taxing industries on their greenhouse gas pollution -- a move sure to raise consumers' electric rates. The 2010 budget assumes, probably correctly, that the only way to generate a big revenue increase in the face of severe economic weakness is to use a tax mechanism–the excise tax–that is collected in relatively small increments across millions of transactions made by Americans of all income levels.

Excise taxes did most of the revenue work in the 1932 act, including excises on everything from trucks, tires, jewelry, chewing gum, and soft drinks to gasoline and electricity. Those last two are interesting due to the carbon cap-and-trade proposal in the 2010 budget, which is a de facto excise tax on those items as well as every other energy technology that relies on the most affordable energy sources: natural gas, oil, and coal.

Despite President Obama’s promise that "If your family earns less than $250,000 a year, you will not see your taxes increase a single dime. I repeat: not one single dime," his new budget raises 45 percent of its revenue from energy taxes that will be paid by everyone who fills a gas tank, pays an electric bill, or buys anything that was grown, shipped, or manufactured.
Obama has been careful throughout the presidential campaign and since being elected to say he would impose higher taxes only on the wealthiest. Republicans, however, say Obama's energy proposal amounts to a tax that would increase energy costs for all Americans.

"This massive hidden energy tax is going to work its way through every aspect of American life," said Rep. Dave Camp of Michigan, the top Republican on the Ways and Means Committee. "How we light our homes, heat our homes and pay for the gas in our cars, in every phase of our daily lives, we will be paying higher costs."

Today Obama has sent his two Staffer Mouth-pieces to the Hill to argue for his $3.7 Trillion Dollar Deficit/Budget/Recovery Bill. Treasurery Secretary Geithner is at the House of Representatives making his Bosses case in front of the Ways and Means Committee, while the White House Budget Director, Peter Orszag, is testifying in front of the House Budget Committee. From what I've been able to suffer through seems to be pretty much along party lines with regards to questioning. Democrats praising Obama, Republicans not praising obama! We'll just have to see... won't we?