Everyone knows both candidates are lying. If either one of them is serious, they necessarily must raise taxes on the middle-class: Odumbo has already done so, with Obamacare and by allowing QE3, despite his denials. Like I said, I'm voting for the next Supreme Court justice. It's a dreadful thought, but now that Hillary has thrown herself under the bus to save this administration, it's conceivable she might be looking for just such a position.
Originally Posted by I B Hankering
Despite candidates' protestations to the contrary, it's clear that a large middle class tax increase is inevitable. A number of analysts think a VAT is inevitable in the U.S. -- not within the next couple of years, but soon enough.
Your point concerning QE may be lost on some people. But massive deficit spending by irresponsible politicians virtually necessitates it, since policymakers are concerned that otherwise there could be flagging demand for new treasury debt issuance. And it acts just like a tax on the non-affluent, since it exerts upward pressure on the prices of such things as oil and agricultural commodities. Additionally, although many liberals prattle on about tax cuts for the "rich", the very limited extent to which they contribute to income and wealth disparity pales in comparison to the inequality-inducing effects of easy money/weak dollar monetary policies.
Regarding Supreme Court appointments, it might be worth noting the following, since this is a fantasy board: Obama's supporters may be able to realize one of their ultimate dreams if one or two more jurists in the mold of Kagan and Sotomayor are seated on the court. They could begin fantasizing about the Second Amendment going up in a puff of smoke!