Barack Obama’s Tax Hikes: 21 Down, More to Come

It's looking more and more like President Barack Obama's principal reason for wanting to be president was so that he would be in a position to spend the people's money. Under his leadership—or lack thereof—the national debt has increased by more than 40 percent to almost $49,000 per person.

So far he's done it on largely on borrowed money. With the economy still in the doldrums, federal tax receipts are down, not because of inequalities in the system as the liberals charge but because of a pronounced decline in productive economic activity that can be taxed. And things don't look like they are going to get any better any time soon; in fact it's almost certain they are going to get worse.

http://www.usnews.com/opinion/blogs/peter-roff/2012/01/21/prepare-for-3-big-tax-hikes-courtesy-of-barack-obama

PETER ROFF