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Story Archives: Feeding the green-eyed monster
|Feeding the green-eyed monster|
You always know that an election is imminent when politicians invoke the green-eyed monster to win votes.
Make no mistake about it, that's why President Obama is holding strong to the notion that tax increases on certain Americans—the wealthiest among us—has to be part of any deal to raise the nation's debt ceiling.
It really about isn't about bringing in revenue, no matter what the rhetoric might be.
It's about getting votes.
As more than one conservative pundit has pointed out, you could tax all the nation's millionaires and billionaires at 100 percent of their income and you would only be able to run the government for a few months.
At $390 billion per month—the current spending of the U.S. government—there simply aren't enough rich people to go around.
Obama has admitted that raising taxes in a recession is "a bad idea," but that was in 2009, when election was much farther away.
There is a reason he is talking tax increases now and why he has peppered his speeches in support of them by conjuring up images of fat-cats flying around in corporate jets and the need for some to "pay their fair share."
A president who is really concerned about a nation's growing debt, which is over $14 trillion, would not have exhausted so much political capital during his first term by saddling the country with over $3 trillion in additional spending.
Instead of explaining his reckless spending and the poor performance of the economy under his watch, Obama needs to rally voters leading into the 2012 presidential election.
That's where the green-eyed monster comes in.
The green-eyed monster is, of course, jealousy—or to be more exact, envy.
It's one of the basest emotions that we have and one of the most easily exploited.
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