PAYGO: A SET-UP FOR HIGHER TAXES

President Obama's "PAYGO" (pay-as-you-go) proposal is nothing but a set up for future higher taxes, and reminds me a lot of my drinking days. I'm a non-practicing alcoholic, but back during those days, after being on a binge, I'd wake up the next morning and think, "Wow, I'm not going to do that again." Then the afternoon urge would come and the cycle would continue.

The President is obviously hungover from his drunken stimulus spending binge, and feeling the effects of the recently announced quarter of a century high in unemployment of 9.4%, even though his own economists predicted the (then) terrible rate of 8% unless the stimulus was hurriedly poured down our eager throats.

The President acting like a deficit hawk would be like me acting like a light drinker in the day. After racking up more debt that he authorized under his administration, amounts that in five years will be greater than all presidents before him combined, he's now all of a sudden concerned about spending? Come on! A little late to the party isn't it?

Obama's tough deficit talk comes just one day after he promised even faster deficit spending to supposedly "stimulate" the economy. So how does this make any sense whatsoever? It's about setting us up for higher taxes, that's how folks! It's not about reducing government expenses to match the decrease in governmental income. It's about increasing the income to the government, via higher tax rates.

And don't believe the pablum about "only the very rich" will be affected. There aren't enough rich to pay these deficits even if the government confiscated 100% of their money. There just aren't that many "rich", even by their every changing definition. They'll figure out a way for the middle class to pay. Wait a minute! Whoops! They already have! It's called Cap and Trade (National Energy Tax).

Paygo was already passed by Pelosi's 110th Congress back in January of 2007. Whatever happened to that Paygo, Nancy?