September 13, 2011


Filed under: Uncategorized — Jim @ 6:28 pm

It now appears that The One plans to raise the half billion dollars to pay for his Jobs Bill latest spending frenzy by raising taxes.

Part of his plan is to limit the amount of interest from municipal bonds the evil, greedy “rich” can exclude from their taxable income. Of course, people invest in municipal bonds and are willing to accept a generally lower interest rate because the bonds produce tax-free income, and the tax-free feature permits municipalities and other government entities to raise money at low interest rates.

So, if evil, greedy “rich” can no longer fully realize the tax-free feature of the bonds, they may decide not to invest as heavily in them, which means that it will be more difficult for municipalities to sell the bonds without raising the interest they have to pay to investors. And, if they can’t sell bonds, maybe they’ll have to lay off teachers and municipal workers.

Obviously, The One has thought this through. He can use the money that the government seized from municipal bond investors to “save” the jobs of municipal workers who will be laid off because the evil, greedy “rich” didn’t buy municipal bonds.



  1. Raising taxes in this economy is a bad idea. Obama does not have a clue!

    Comment by Kevin — September 13, 2011 @ 8:12 pm

  2. Perhaps a tax cut to the working class and middle class would stimulate the economy.

    Comment by Kevin — September 13, 2011 @ 9:55 pm

  3. The Fed can always print more money.He is unbelievable.His tax and spend crap gets trounced at the polls ,and here he is peddling the same shit as though it were something new.He has said you don’t raise taxes in a bad economy,and now he contradicts that.If this crap passes,he can share the blame when things don’t work.If it doesn’t pass,he can say the other side prevented a recovery.This is not leadership.This is sleazy Democrat big city politics right out of Chicago or Hudson County.

    Comment by john — September 13, 2011 @ 10:18 pm

  4. I would really like to see his college grades. D- , I’m sure. What an assclown. And a douchebag.

    Comment by Lee — September 13, 2011 @ 10:19 pm

  5. I try to look on the bright side of things. Maybe if the muni’s can’t sell their bonds they’ll stop spending! Not likely, but a nice thought.

    Comment by Guest — September 14, 2011 @ 6:00 am

  6. 30 years in the Wilderness Dems, you’re building a country where your kids will never see another Democrat president.

    Comment by Ed Flinn — September 14, 2011 @ 4:15 pm

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