Back at home - taxes.

Obama was re- elected. So, he figures he can do anything he wants. No doubt, he counts on a sycophantic Media to push his point of view, but he also has the cowardice of some Republicans going for him.

So, what is Obama after? His main goal is to level incomes and destroy Capitalism. He hopes to achieve this by manipulating taxes. He and Liberal Democrats have a full table of goodies. Here are his options:

1. Press for raising tax rates on the top 2%. Even if he gets it, the revenue increase will not be that much, but it will convince the rich-hating blacks and Hispanics that Obama is really after the rich;

2. He can dig his foot in and let us go over the "fiscal cliff." This will put most taxpayers into the AMT (alternate minimum tax). When this was initiated its purpose was to make high earners pay some tax even if they took advantage of all tax breaks. The problem is  that because of the inflation, you are snared by the AMT if you earn $35K/year or $45K if filing jointly. This would be a huge tax hike.

3.ObamaCare will have 5 taxes attached to it;

4. The regime is also eying nationalizing all the 401Ks (a la Argentina) where your contributions of actual money would be replaced by a Trust Fund  and payments would be equalized according to a formula the regime is still working on.

And (boy oh boy) do the Democrats have a BAWGAN for the Stupid Party. Tax hikes now and budget cuts later - maybe like years later.

Does Obama have a plan to balance the budget? Of course not. He has a plan to raise taxes so high earners can be knocked down. Does he want growth? Growth of the government, but not of the private sector. Democrats (like blacks and Latinos) think that white people get rich off of growth so it is unfair.