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Sen. Hatch: Obama fiscal proposal ‘classic bait and switch’

Posted By admin On December 2, 2012 @ 5:29 am In Featured Stories,Tile | Comments Disabled

Molly K. Hooper
The Hill [1]
Dec 2, 2012

The top-ranking Republican on the Senate Finance Committee accused President Obama of pulling a “bait and switch” this week with the administration’s proposed deal to avert the so-called “fiscal cliff.”

“What [Obama] proposed this week was a classic bait and switch on the American people—a tax increase double the size of what he campaigned on, billions of dollars in new stimulus spending and an unlimited, unchecked authority to borrow from the Chinese,” Sen. Orrin Hatch (R-Utah) said in Saturday’s weekly GOP address.

“Maybe I missed it but I don’t recall him asking for any of that during the presidential campaign. These ideas are so radical that they have already been rejected on a bipartisan basis by Congress.”

On Thursday, Treasury Secretary Tim Geithner was dispatched to Capitol Hill to share Obama’s plan with House Speaker John Boehner (R-Ohio) and Senate GOP Leader Mitch McConnell (R-Ky.) The deal included $1.6 trillion in tax hikes, $50 billion in economic stimulus spending and $400 billion in spending cuts. Republicans have demanded more severe spending cuts – including entitlement reform – to begin a discussion on raising taxes.

Full article here [1]

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URL to article: http://www.prisonplanet.com/sen-hatch-obama-fiscal-proposal-classic-bait-and-switch.html

URLs in this post:

[1] The Hill: http://thehill.com/homenews/senate/270453-hatch-obama-fiscal-proposal-classic-bait-and-switch

[2] Obama, the Prince of Bait-and-Switch: http://www.prisonplanet.com/obama-the-prince-of-bait-and-switch.html

[3] The Full List Of How Obama Spent $792 Billion On Fiscal Stimulus: http://www.prisonplanet.com/the-full-list-of-how-obama-spent-792-billion-on-fiscal-stimulus.html

[4] Bait-and-Switch in Afghanistan: http://www.prisonplanet.com/bait-and-switch-in-afghanistan.html

[5] Cost of Bankster Bait and Switch Now $7.4 Trillion: http://www.prisonplanet.com/cost-of-bankster-bait-and-switch-now-74-trillion.html

[6] Stearns Crucifies Paulson On Bailout Bait And Switch: http://www.prisonplanet.com/stearns-crucifies-paulson-on-bailout-bait-and-switch.html

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