Ramirez makes a subtle comparison between the 2012 O-budget and a credit card consumer making an outrageous request of his creditors.
The President’s 2012 budget proposal contains 43 tax hikes. All of them are utterly unnecessary. They will burden Americans with $1.5 trillion in taxes over the next ten years. He proposed to raise taxes and spending as a higher percentage of GDP in history. This will be a disaster for the economy. It will slow recovery, hurt job creation, will make American companies less competitive, and will burden all of us with higher taxes and, worse yet for seniors, it will increase consumer costs — a real problem for people on fixed incomes.