Obama and his liberal myrmidons in Congress are set on two things: Increasing taxes on the evil rich and more government spending.  Unfortunately for our nation, increasing neither will lead to economic growth, which is ultimately the way out of this heap. 

You do realize, don’t you, that Obama is not only calling for tax increases, but he is ALSO calling for more stimulus spending AND unchecked authority to raise the debt limit.  If Republicans give in to that, it will only be the beginning of what Obama and the proggies have cooked up in Washington. 

A new Gang of Six has emerged in Washington.  These are members of the progressive caucus -- Reps. Jan Schakowsky (D-Ill.), Keith Ellison (D-Minn.), John Conyers (D-Mich.), Raúl Grijalva (D-Ariz.), and Barbara Lee (D-Calif). – and they say that letting the Bush tax cuts expire for the rich is “just the beginning.”  The group says (get this!) that “low and moderate-income Americans are already contributing to deficit reduction,” and that “progressive tax reform is the only way that wealthy Americans can share significantly in that sacrifice.”  Nevermind the fact that close to 50% of Americans don’t even pay any income taxes and we already have the most progressive tax system in the industrialized world!

Their first target: Investment income.

This is the proggie way.  Rather than focusing on growing our economy in order to generate more revenue, they would rather find ways to take existing wealth from Americans who earned it.  This is not based on some brilliant economic theory on deficit reduction.  This is based on envy and politics. 

We’ve been trying this government spending policy for a while now, and by all measures it has been a failure.  Somewhere along the way, Democrats have convinced themselves that their grand stimulus plan would have been successful, if only they had more tax revenues from those evil rich people. 

I’d highly recommend reading this article: Give spending cuts a chance.  It explains how economists (not wealthy envy, power-seeking politicians) believe that spending cuts are a better long-term solution to our debt problems.  Not tax increases.