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..There's a little Samuel Pepys in all of us..

Monday, September 19, 2011

Just a couple of brief notes..
It was a combative President Obama today, as he demanded that the richest Americans pay higher taxes to help cut soaring U.S. deficits by more than $3 trillion.. He promised to veto any effort by congressional Republican to cut Medicare benefits for the elderly without raising taxes as well..
"This is not class warfare. It's math," Obama declared, anticipating Republican criticism, which was quick in coming..
House Speaker Boehner, whom Obama singled out in his speech for having "walked away" from a "grand bargain" during the debt-ceiling debate in July, said the president's approach was unhelpful..
"This administration's insistence on raising taxes on job creators and its reluctance to take the steps necessary to strengthen our entitlement programmes are the reasons the president and I were not able to reach an agreement previously, and it is evident today that these barriers remain," he said..
And this is the problem Barack's going to face for the remainder of his tenure.. battling the GOP who today called Barack's plans to 'tax the rich' out and out 'class warfare'..
This may be the template we see for the remainder of Obama's term in office.. a constant fight with a Republican House.. and obstacles constantly being thrown in the path of a smooth passage of any bills..

Our own Business Secretary Vince Cable told this years LibDem Conference, that we are in the equivalent of an 'economic war'.. In a bleak assessment of the future, he said the era of ever-rising living standards had ended and people were just worrying about "how to survive"..
Now he's taken a page from this blog..
Vince also has called for higher taxes on the higher earners.. taking a page from Barack's speech..
The sad fact of the matter is, that we, the middle class, are in for quite a while of hand-to-mouth living, as prices rise and jobs disappear..
To suggest anything else, would simply be a Pollyanna view on the current situation..
And the least we can expect from government these days.. is accurate and honest assessments..

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