John Ransom

"If you look right now at what our economy needs,” postulated Obama, according to The Hill, “taking $85 billion out of over the next six months, indiscriminately, arbitrarily without any strategy behind it, that's not a smart thing to do. What we should be doing and what I've been calling for repeatedly... is a balanced approach to deficit reduction."

That last part? Oh, yes. That’s the give away. Whenever Obama speaks of “deficit reduction” it means he’s scared.

He’s suddenly turned down the rhetoric on spending more and now is back in favor of a “balanced approach.”

That’s the “theft over honest toil” part; that’s the postulated position of a man who is deathly afraid that the Democrats, once again, won’t give him a single vote on his budget proposals.      

Tax increases typically aren’t bragging points in any campaign. 2014 will be no exception.

The only way that Democrats will get away with hiking taxes again is if some Republicans join them in a majority.

Otherwise, Obama’s fiscal postulations will, once again, fail to get one, single vote- at least in the Senate.


John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.
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