No Surprise from Obama on Taxes: I won, you lost and so what?

There are things in life that are never a surprising.  Among them, the earth will rotate bringing the sun into view every day, the Cubs will not win a World’s Series and Barrack Obama will call for large tax increases and bigger government.

 If anyone is surprised the re-elected President would not try to reach some middle ground on the “fiscal cliff”, would modify his view of our former capitalistic economy or try to stop the growth of the federal government then there is a description for you but not polite here.

His re-election is not going to reduce the size of government. It will not curb the growth of federal spending and it will not ask for any national sacrifice to try to reduce the federal deficit, which was $120 billion in October. Yes, 31 days for $120 billion. 

Mr. Obama will meet on Friday with Congressional Leaders in a pow-wow to discuss how to address all the expiring tax provisions, the budget sequester and a whole lot of other things, pressing national business.  He plans to open talks using his 2013 budget proposal, which wanted to raise taxes on corporations and the wealthy by $1.6 trillion over the next decade, a budget that did not garner a single vote in Congress. Not one.

The 2013 budget was a joke, an illusion, and a deception. Mr. Obama who touted the need to reduce the deficit during the campaign now must have second thoughts. He was never and is not now serious about reducing the size of government or the deficit.

If you believe he does then explain it to me. I have looked at his proposal calling for reducing projected deficits over the next 10 years by  $4 trillion. It is not a real number, since it counted $1.1 trillion in cuts already in force and $1 trillion in savings from ending the wars in Iraq and Afghanistan. In essence, saving that were never going to be spent in the first place. It is Lucy Ricardoesque.  The rest, of course, is made up  is taxes.

So, do not be surprised. This is what the country chose.

The goal of the liberals lead by the President is to increase taxes on the wealthy and demonize out-of-favored industries, such as oil and gas. This concept will not solve the deficit issue, it will not create any jobs and it will not foster, well much of anything. This in not about economics, it is about politics. I won, you lost.

This will all work out in the end, I think, but not the way you may have thought. I will be anxious to see the details of the plan, until then it is all and nothing.