Surprise! Republican Leaders Have No Backbone

On January 1, 2012 the Republican leadership broke their promise about not raising taxes on the rich. "The deal passed by the Senate early this morning, with the endorsement of all but seven of the 47 Republicans, would raise $620 billion in new revenue, hiking tax rates on households earning more than $450,000 a year." "'Keep in mind that just last month Republicans in Congress said they would never agree to raise tax rates on the wealthiest Americans,' President Obama said Monday. 'Obviously, the agreement that's currently being discussed would raise those rates and raise them permanently.'" It reminds me of the speech that Yaron Brook gave at the Tea Party Patriots Summit in Arizona February 25, 2011 when he talked about the Republicans having a hard time with the budget. He said, "They don't have a principle." The Founding Fathers had a principle. I find it interesting that for all the attention that the Founding Fathers are getting right now, people are still missing the...(Read Full Post)