Let's assume that after taxes are increased, we actually get the added revenues Obama is counting on getting. It won't be near enough to offset his spending habits. What happens then?
It's rather obvious to anyone who has been paying attention. Obama will not cut spending, except on the military. That only leaves tax hikes for the middle class. We shall soon see the class warfare crowd getting the same tax hikes they wished for the rich fall upon them, and us as well. But, don't worry, somehow they'll find a way to blame it on George W. Bush.
Read from WND: