‘Real News From The Blaze’: War on the Middle Class
- Posted on August 21, 2012 at 8:06pm by
Christopher Santarelli
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President Barack Obama has been on the campaign trail this week lambasting his Republican challenger Mitt Romney for backing policies that the president claims would harm the middle class. On Monday, Romney responded in no uncertain terms, “Let me tell you the heart of my tax proposal: I will not raise taxes on the American people, I will not raise taxes on middle-income Americans.”
While both candidates have essentially made this pledge, a recent Bloomberg Editorial takes Romney and Obama to task, concluding that no matter who is in the Oval Office; your taxes are going up.
This fact goes unmentioned by President Barack Obama, who speaks only of tax increases on the wealthy, and is anathema to Republican presidential candidate Mitt Romney and his running mate, Paul Ryan, who insist they can beat the deficit into submission by slashing government spending, cutting taxes and eliminating unspecified loopholes. A look at the arithmetic shows neither campaign is on the level.
The scope of the deficit problem is enormous: Federal spending accounts for 24 percent of the economy, while tax revenue stands at 15 percent. Tax cuts, along with the economic downturn, have sapped tax receipts at the same time as more people have resorted to safety-net programs such as food stamps and unemployment insurance.
On “Real News From The Blaze” Tuesday the panel debated the merits of the Bloomberg.com editorial’s case. Despite what both candidates might say, is the middle class going to be forced to pony up at some point?
Stanley Kurtz, author of Spreading the Wealth, contends that Obama is not only bad for the middle class, but that he has quite purposefully targeted them. Kurtz joined the show for this discussion, watch a clip below:
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65Plus
Posted on August 22, 2012 at 5:48pmThe Middle Class was too rich, too proud to become Federal serfs. So add Cloward and Piven to the Community Reinvestment Act, remove the Glass Steagall Act, shake well with corrupt Democrat bankers in New York and – Presto! The chief source of wealth of the Middle Class, their home, now has been changed from an asset to a boat anchor. Well done there, Progressives!
Report Post »noslave
Posted on August 22, 2012 at 8:18amtalk about a war on the middleclass,my daughter works several jobs to pay her morgage,yet people who through obamas re-distribution.got bank loans,for houses they could not or did not ever intend to pay,live in free houseing so to speak,now obamas solutrion is to pay their morgage or in california they talk about paying off their houses totally???isnt that a form of pandering for more votes at taxpayers eventual cost??the best solution for underwater/non-payment houses is to sell these houses to qualified newleyweds or younger folks who would be responsible or greatfull to own the american dream at a reduces cost,rather than throw more taxpayer dollars down the toilet in order to appease obama followers/voters??
Report Post »pakaeboiboi
Posted on August 22, 2012 at 3:07amA Rational Truth Therom: If Mitt Romney cannot tell a lie when he speaks badly of Barak Obama …. then Mitt Romney must be a RACist …. Conversely tho, if Barak Obama is not a RACist when he speaks badly of Mitt Romney, he must then be a Liar!!!!!
Report Post »jvrat
Posted on August 22, 2012 at 1:05amEverything is on us -Everything has gone whack -Even a burger or- now the water bill with felonious creeping rates -The-Tax burden is just passed on in newer rates on everything! Oh well, the bull st by the gov. run influenced media hacks are finally touching on this and shifting immediately to sell something of other interest , mostly foolish babble.
Report Post »kiwi1
Posted on August 21, 2012 at 10:55pmI watched this interview with Stanley Kurtz on Real News. I was appalled at the way he was treated by one of the guys on the panel Ben Domenech. Mr Kurtz was explaining the plan to Force the suburban and rural citizens to move into the cities. This is already happening all around the country. Where has this Domenech Guy Been. Has he never heard of UN Agenda 21 or “sustainable development”. As far as I am concerned, he made a fool out of himself for being so misinformed and basically ridiculing Stanley Kurtz, who did know what he was talking about. Look Up ICLEI, Un Agenda 21……… It Is The End Of Our Sovereignty, Private Property, Privacy, Individual Liberty and Freedom and it is In Your Town.
Report Post »Delores at CH WV
Posted on August 21, 2012 at 10:32pm. Obama wants no middle class, only workers to give him money to give out to the 50%. What does the lower 50% going to do when there our no longer the upper 5%? NO work, NO freebies.
Report Post »ArmyMedic70
Posted on August 25, 2012 at 4:26amMaybe he should have asked along with our wedding gifts and birthday checks. Instead of paying taxes just donate it to his campaign. I’m sure a loophole could have been found to make it work. We have seen the Oval office does not need the House or Senate to rewrite legislation. Quote from Larry the cable guy, I don‘t care who you are that’s funny. With a twist of reality though.
Report Post »BryanB
Posted on August 21, 2012 at 9:17pmIf President Obama gets re-elected, there will be no more of anything……….
Report Post »NOBODYSSIDE
Posted on August 22, 2012 at 8:31amOh please. its about a 50/50 chance he’ll be re-elected, but a %100 chance that the country will survive ok. No matter who is in office about the past 200+ years the country has survived. No matter who wins the country will continue to decline for the middle class. It is not that complicated, when you have free trade in an open market the cheaper products sell and do better, the more expensive ones get cheaper by force to stay in business. The problem for the USA , it is now a GLOBAL market, we have had the highest standard of living and it was more expensive to maintain. now our standard of living will go down, the rest of the world will come up until the 2 are roughly equal. The thing is a few smart wealthy people have taken advantage of this trend that has ALWAYS existed in commerce throughout time. They have gotten weathier, lok apple is made mostly in china by an alomst slave labor with no EPA, yet we enshrine Steve Jobs. Great he made alot of money ok…lots of jobs are in china becuase of the cheap “butt” labor and NO envirnomental regs, do we want to copy that to keep jobs here ? we will have jobs again , just when the wages equal to the rest of the world. nice.
Report Post »lukerw
Posted on August 21, 2012 at 9:12pmUnions have always been at War with the Middle Class… and NAFTA of the Clinton/Gore Era put the Nail in the Coffin!
Report Post »NOBODYSSIDE
Posted on August 22, 2012 at 8:32amummm… the unions are the middle class.
Report Post »Lloyd Drako
Posted on August 22, 2012 at 8:56amThe middle class was strongest and largest proportionate to total population precisely during the period roughly 1950-1980, when unions were strongest. Coincidence? As for NAFTA, it passed over strong union opposition.
Report Post »thibx
Posted on August 21, 2012 at 9:08pmthere is war on the middle class. the war is brought on by oboma and his policies. he has done nothing but hurt this country and all the people who live here. stamp out the war vote him out of office.
Report Post »soybomb315_II
Posted on August 21, 2012 at 8:48pmThere is indeed a war on the middle class. It is being waged by a weapon called INFLATION
Report Post »Altair
Posted on August 21, 2012 at 9:14pmThere it is. QE 3 coming to a bank account near you.
Report Post »BryanB
Posted on August 21, 2012 at 9:15pmGas Prices in my Town went up 10 Cents in 24 hours…………..
Report Post »502_eagle
Posted on August 21, 2012 at 10:31pmWhy cant the Fed print money? They still have plenty of blank paper!
Report Post »502_eagle
Posted on August 21, 2012 at 10:34pmWhy can’t the Fed print money? They still have plenty of paper!
Report Post »therealconservative
Posted on August 21, 2012 at 10:46pmThen vote Romney
Report Post »ArmyMedic70
Posted on August 25, 2012 at 5:31amI use around $2 of natural gas during the summer months. But my monthly bills are always $25-$30. The majority being taxes. When I graduated college several years back. I did a little investigation project. And I fall in the middle class bracket. After adding up the taxes I payed in my bracket. Putting all the taxes together on the needs to survive, food, clothes, gas, etc. And then the few indulges that we all like to enjoy. I roughly paid 68% of my annual on tax. That was before everything shot up in prices of today. While stationed in Europe I learned that they paid around 55% of their annual in taxes. And they have socialized medicine sell fuel by the liter etc. So they can keep taking but eventually will start pulling back lint. The middle class is the largest economic group. But keep on letting the unemployment climb. Giving tax refund checks that double what the low income pay in at the minimum. Handing out welfare like daily lotto winners. Then we middle class may have to follow the wealthy and put what cash we do have in offshore accounts. Bypass local banks, live on a credit card and pay it quarterly. And avoid paying taxes on our cash we do have over and over. Put some banks in forclosure unyil thry start taxing accordingly for all. Or just stay out of our pockets as much as we can keep them. Until the Americans force their hand, which is very possible when the MC has had enough. We out number them by far, has to start somewhere. Sam Walton did it, it;s possible!
Report Post »Bernice Durdan-Rowland
Posted on August 21, 2012 at 8:36pmObama is now targeting the wealthy suburbanites -will tax them out of their homes and put them back in the city neighborhoods – to help raise the poor. There may be other ways he will think of besides taxing them to death in order for them to be more conservative and build up “inner cities” !! This was also on the FOX radio news today. From what Mr. Kurtz mentioned, Obama has been working on these ideas for quite some time. SOOOO, all of you that plan on voting for Obama – think twice before you do, cause you would be shooting yourself in the foot…….
Report Post »thibx
Posted on August 21, 2012 at 9:16pmfoot head is more like it.
Report Post »progressiveslayer
Posted on August 21, 2012 at 8:26pmOur jug eared president promised not to raise taxes one dime,he didn‘t lie he’ll raise them a hell of a lot more than a dime.His plan is simple destroy the middle class and make everyone equally poor,a Marxist utopia.The ruling class will remain rich and the rest of us will be serfs.Taxmageddon‘s coming Jan 1st because those candyass pigs in DC will have to act before then to stop it and they won’t so………….get ready to pay dearly and oh yes you parasites who pay no federal income tax us taxpayers will be joining you soon in the poor house courtesy of one Marxist POS president and a candyass congress.
Report Post »Lloyd Drako
Posted on August 22, 2012 at 9:23amWhatever the “Marxist utopia” may be, it does not feature a “rich ruling class.”
Recommended remedial reading: “The Communist Manifesto”
Report Post »team1blazer
Posted on August 21, 2012 at 8:24pmCut the head off of this government and all it’s entetlement spending.
Report Post »lukerw
Posted on August 21, 2012 at 9:48pmThe Government is NOT a Thing! This Government… is of People… who hold Radical Socialist values… and they are in the Education System, Businesses, and Banks.
McCarthy was Right!
Report Post »Impenitent
Posted on August 21, 2012 at 8:19pmI will not raise taxes but my obamacare is a tax and you will pay it FOREVER…
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