President Obama's true agenda emerges
Talking Points 1/2
- Duration 3:16
- Date Jan 2, 2013
Talking Points 1/2
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Hi I'm Bill O'Reilly a thanks for watching the first show -- 2013.
Happy new year.
-- Obama's true agenda emerges.
That is the subject of this evening's talking points memo.
You may have noticed a factor has not covered the fiscal debate very much not gonna use that cliche not gonna say it.
That's because it was a fake crisis as Wall Street Journal says today and it's lead editorial.
The deal congress struck last night could have been done last August.
But the politicians in both parties wanted to posture setting up phony scenarios for their own personal aggrandizing.
So here's who's really going on.
Pres Obama has succeeded in raising taxes on every working American everyone -- -- Those who are doing well now pay close to 50% of their income to the -- Those making below 400000 dollars a year will pay a variety of new obamacare taxes.
And C -- two percentage point rise in their Social Security -- so everybody gets it.
If you invest -- be paying about nine percentage points more in capital gains and dividends tax if you -- And -- say it's worth more than five million box you pay 40%.
Of death tax to effects.
Pres Obama's not finished he wants more from the apple.
We can't simply cut our way to prosperity.
Cutting spending has to go hand in hand.
With further reforms for tax -- so that.
Well there's corporations and individuals can take advantage of loopholes and deductions that aren't available to most Americans.
-- -- no question now no question.
That the American people have voted for a president who wants to -- distribute income he's not gonna stop.
The socialist Tenet -- central government takes in gifts.
As it please.
That we'll have many unintended consequences beginning with the economy if the higher tax rates slow business in the USA the president Obama's second term will be a disaster.
Also it's now clear.
Obama doesn't much care about federal spending simply don't run up deficits of more than a trillion dollars a year even -- -- this new revenue.
You know what that.
You don't run up those deficits of you concerned about fiscal responsibility.
Clearly -- president is not offered any meaningful spending cuts or entitlement reform.
After four years he is not offered any solutions to the crushing sixteen trillion dollar -- Kinda pass out would've sunk an incumbent president not today talking points believes -- Obama won the election largely on emotion.
Millions of voters supported him because but -- didn't really run his campaign -- any urgency or emotional appeal.
Obama promise working Americans stuff.
So now we're all in the same light but as in -- mama's gonna take as much money as he can from successful people and dole it out.
It's not going to make any meaningful cuts in government spending not gonna do it and he might even expanding entitlement culture.
I believe this will lead to economic disaster for the country but -- always.
I could be wrong.
This month now the dot.