Apologies still being accepted

Greetings, fellow racists. Recall back during the campaign we were promised that no one making under 250 large would suffer any additional taxes and, in fact, we were promised a middle class tax cut.

Then recall the heaps of scorn that were cast upon a few hundred thousand folks who dared to exercise their 1st amendment rights on April 15th because after seeing the spending plans being developed in Washington they knew this no-new-taxes promise was complete B.S... How dare they march in protest of such a popular President. These bigoted, inbred ingrates don’t seem to grasp that a promise is a promise.

Well, the writing is on the wall and its inescapable conclusion means about only one thing.

The CBO has predicted that under the most realistic scenario, the publicly held debt of the U.S. government will reach 82 percent of the GDP by 2019, roughly double what it was in 2008. The CBO’s director, Douglas Elmendorf, writes that “under current law, the federal budget is on an unsustainable path.”

Elmendorf says that a combination of raising revenue and budget cuts is the only way to keep deficits and debt from reaching levels that could cause substantial harm to the economy.

We all know how well Washington likes to make budget cuts and knowing the tough sell increasing taxes, err... raising revenue would be for the President because of his campaign promises, the Wall St. Journal is predicting that Congress will seriously consider a value-added tax (VAT) in the upcoming year. Of course, any taxation no matter how it is disguised simply makes it that much more difficult to dig out of the recession we are already in.

And any further proof one would need to see which way the political winds are blowing need only look at this clip (H/T: Hot Air) of White House Press Secretary, Robert Gibbs, attempting to tap dance his way around the no-new-taxes pledge before just being laughed at by the press corps. (From the direction Gibbs is facing and the nature of the question, our guess is that the questioner is ABC’s Jack Tapper who seems to be about the only one in the WHPC to exhibit any real backbone).



P.S. All you haters out there wanting to take back all that nasty stuff you were saying about us are welcome to do so.