Friday, July 22, 2011

'Toontime: Your New Deal or Your Credit Rating!

[credit: Jeff Parker, Florida Today]
Wackydoodle sez: "Now, ifin you please, Mr. Interlocutor, sing us a ditty!"
The current debt limit theatre of the absurd gets more divorced from reality as the alleged deadline of August 2nd approaches. The best performance by a head of government goes to the Obamatron, who once again shows his talent for the dolchstosse he displayed during the 'Obamney Care' show. This time he is selling out the middle class by embracing an arrogant gang of thieves' plan to cut Social Security and Medicare. But wait for it, he also is willing to give the rich even a bigger income tax break by reducing the number of tax brackets to 3 with the highest pegged at about 28%, down from 35%. That means the few Americans fortunate enough to earn income over $350,000 per year will get a huge windfall. Way to go Mr. President: with you on center stage, the international rich do not need a substitute.