3/4ths of the higher taxes will go to new spending??
That should outrage you and scare you. But if you're one of the 51% who voted for the would-be Kenyan king, you don't think that's a big deal at all.
Instead, you're all wet over raising taxes on the rich. We need to do that, Democrats tell you, because we Dems are all about fairness, see. And it's only fair that the Rich pay a higher percentage of their income in taxes. So we're gonna tax Da Rich and use that revenue to pay down Barry's astronomical, unprecedented deficits and/or debt. Right?
Ah...wait. Of the $1.6 Trillion in new taxes, three-fourths of it will be used on NEW spending, rather than being used to reduce debt.
Let's replay the lying bastard's trickery to see how he did it: During the presidency of George Bush, Obama said (more or less) "OMG! Deficits BAD!! Deficits as far as the eye can see! Bad Bush!" Then after he got elected, deficits suddenly weren't any big deal.
Then when he wanted to deliver a key promise to his corrupt base, suddenly "We NEED to raise taxes to reduce the nation's debt." Then when the details emerge, turns out most of the increased revenue will go to NEW spending.
Consistency isn't critical, because the lying media will run cover for all Democrats.