Remember Obama's tax hikes on the rich to pay debt? He's already spent every penny

[Dave]

I said it before, I'll say it again.. the whole 'lets tax the rich more because they are rich' was kind of pointless in the grand scheme of things. If there had been a lot of major cuts made and spending cut then that would be one thing, with such a small amount of money garnered in these extra taxes on the rich, the money taken in is gone in minutes when put in terms of time in Washington DC.

It's a good thing our federal government is going on a strict spending diet to curb its out-of-control borrowing. Otherwise, the latest piece of spending legislation passed Monday worth more than $50 billion might have been substantial.

Good grief! Remember -- how can any of us forget? -- that long, hard fight President Obama just staged to squeeze more taxes out of wealthy Americans?

The top 2% wealthiest already pay 45% of the taxes. But Democrat Obama felt they needed to pay their "fair share," despite the risks that new taxation presents to creating real jobs for the rest of us, Obama already being employed for the next 1,452 days. But who's counting?

The Real Big Spender is off to Las Vegas this morning for a $1.5 million-plus photo op day-trip to sell his immigration reform ideas to a select audience that already likes it.

For weeks Obama traveled the country telling anyone who would listen and some who'd rather not that he's so absolutely positively determined to cut America's $16.4 trillion national debt that he did so much to grow. And he was insistent on milking money from the rich to do just that.

Well, guess what? That $50.4 billion spending bill for, among other things Hurricane Sandy aid, just ate up every single penny of that tax hike for this year, plus another $10 billion. That will go on the debt tab that the $40 billion in new taxes were supposed to start trimming slightly this fiscal year.

Obama is so happy about this new spending that he issued a special statement. Of course, he whined that the spending took so long -- Wow, almost an entire month since the Republican House hesitated and then the Senate had to fight over filibusters.

But Obama promised that he would sign the bill "as soon as it hits my desk."

The three governors of New Jersey, New York and Connecticut -- all Democrats, although Chris Christie used to feign conservatism -- issued a joint statement, also complaining about Washington legislators thinking twice about spending that much of China's money.

They did express appreciation for the charity and especially thanked their congressional delegations for their "tenacious efforts" to get the money for the populous Democrat Northeast to rebuild.

Now, everyone sympathizes with those impacted by Sandy's devastation. And a growing number also sympathize with the pathetic response of Obama's FEMA, although for some reason the media was quicker to pick up on FEMA's Katrina failures under President Bush.

And these being 57 united states living under one flag, pretty much everyone would like to help Sandy victims, as they have victims of the Joplin tornado, Katrina and so many other natural disasters.

Obama was all for the rich paying their fair share of taxes. When do other Americans start sharing the financial sacrifices necessary to get us out of Obama's massive fiscal excavations? The three Democrat states of New York, New Jersey and Connecticut would -- what? -- disappear if they'd settled for $35 billion?

Nearly eight-in-ten Americans (77%) are disgusted by politics in the nation's capital, saying they damage the country, according to a recent Gallup Poll. Congress' approval rating struggles up into the teens on a good day.

Obama's isn't all that great either, which is why he keeps picking fights with Congress and anyone else in sight to create the appearance of political distance. The nation's chief executive couldn't sacrifice and do a Virginia photo op today, symbolically saving the minimum $1.5 million his cross-country junket will cost?

"Washington just doesn't get the severity of our fiscal condition," the Heritage Foundation's Matt Mayer told the Washington Times.

Americans realize the financial hole these D.C. pols got us in scratching each other's backs. But when will anyone stop bemoaning that hole and start filling it in? Somebody's got to be first to sacrifice their "fair share."

Of course, that would take leadership, not photo ops.

Read More At IBD: http://news.investors.com/politics-andrew-malcolm/012913-642296-50-...

[Willy]

Nearly eight-in-ten Americans (77%) are disgusted by politics in the nation's capital, saying they damage the country, according to a recent Gallup Poll. Congress' approval rating struggles up into the teens on a good day.

That statistic doesn't make sense. If 77% are disgusted then how was Obama re-elected.