Public prefers spending cuts to President Obama's tax hikes

Public prefers spending cuts to President Obama's tax hikes

March 4th, 2012 in Opinion Free Press

The federal government takes in more than $2 trillion a year in taxes but for four years running has spent more than $1 trillion in additional, borrowed money.

That and our $15.3 trillion national debt bear witness to the fact that Congress' problem is too much spending, not too little taxing.

Fortunately, it appears that the American people understand that.

President Barack Obama has sought to stir class envy by suggesting tax hikes on "the rich." But a recent Associated Press-GfK poll found that given a choice between the president's tax increase scheme and cutting federal spending to balance the budget, Americans vastly prefer spending cuts.

Fifty-six percent of respondents said cuts are the way to fix the budget, compared with only 31 percent who favor tax increases.

That is a commonsense rebuke to Obama's class warfare.