So far, the President hasn’t achieved his tax hike goal.
The President’s Top 5 Immediate Problems
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Now that President Obama will never face re-election again, it is time for the campaigning to end. Perpetual political rhetoric and promises do not matter any more. Action—and leadership—are sorely needed on pressing issues that threaten the United States. America’s people are under threats to their livelihoods, their protection, and their freedom. For some of these, deadlines for action have already come and gone, making them more dire than ever.
Here are the top five problems that require the President’s immediate attention.
When the chairman of the Federal Reserve says the nation is headed over a cliff, the President should take notice. A total of nearly $500 billion in tax increases—old tax policies expiring and new ones taking effect—is scheduled to hit on January 1. This “Taxmageddon” fiscal-end-of-days scenario will hit individuals and their families, struggling small businesses and investors alike. So much for creating jobs. The Congressional Budget Office, which does not normally forecast recessions, has said that without some action to change our direction, the country is heading straight for another recession in 2013. As Heritage’s J.D. Foster wrote, “If a slowdown or even a recession unfolds as CBO predicts, the blame will lie with President Obama.”