Rep. Peter DeFazio (D-OR) says Obama is telling some in Congress his presidency is over if the tax extensions (“tax deal”) are not passed. Note that DeFazio says the tax extensions will add one-half-trillion dollars to the deficit. That is how Democrats see your tax money – their new wealth pocket money. The tax extensions add nothing to the deficit. Congress knew there would be a fight over tax extensions, nevertheless, they planned to spend even more abundant taxpayer money – the money you will pay if tax extensions are not extended. Damn cheeky in my opinion.
I’ll give DeFazio credit for saying the unemployment extensions should be a stand-alone bill. Also, interestingly, had the unemployment issue been put off until next year, DeFazio says he could find the budgetary cuts to pay for unemployment benefits – should Republicans insist on doing so (which they tried this time around and could not get done).
Rep. Peter DeFazio: Obama says his Presidency is Over Without Tax Extensions (video)