John Ransom

Let’s cut right to the end of the story: Ordinary people have already tumbled off the precipice.

There will be no dramatic rescue at the height of the tension, with crashing, ominous music turning to a sunshine ditty, a government handout straining to reach you, to save you from tumbling over the lip of the cliff.

Instead the government is going to intentionally bump into you, making it look like an accident, head turned away, mumbling an apology, much like a pick-pocket does in a crowd, with the object to lift your wallet.      

So, yes; however much they deny it, your tax bill is going to go up. Dramatically.

And Obama revealed as much when his muppet, Treasury Secretary Tim Geithner,   presented one of the White House’s patented, joke-shop budgets to members of the loyal opposition.

The GOP says it’s basically the same budget they rejected last year.

And along with the promised tax increases for the rich, Obama is promising something special for you too.

$600 billion in “additional” taxes.

Merry Christmas.

I know; you’re thinking: “Gosh, the 21 tax increases he already passed that are aimed at me were generous enough.”  

And to think we didn’t get him anything.

"We have not seen any good-faith effort on the part of this administration to talk about the real problem that we're trying to fix," said GOP House Majority Leader Eric Cantor according to CNBC.

"To date, the administration has remained focused on raising taxes and attending campaign-style events, with no specific plans to protect Medicare and Social Security or reduce our national debt in a meaningful way," said Senate Republican Mitch McConnell.

“A senior Capitol Hill Democratic aide confirmed that the GOP description of the Geithner proposal is consistent with the latest Democratic position,” says CNBC. “The aide was not authorized to discuss the proposal publicly, and would do so only on condition of anonymity.”

I’d want to be anonymous too if I were a Democrat. I’m surprised that Geithner didn’t just drop the budget at the door, ring the bell and run away. 

And, really, it was never going to end any other way than taxes for EVERYONE.

It’s not class warfare they are after; it’s your money. The class warfare rhetoric was the fable they told you just to lull you to sleep, like Scheherazade trying to keep her head.    

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable


Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!