Most people do not know that already enacted in current law for 2013 are increases in the top tax rates of virtually every major federal tax. That is because the tax increases of Obamacare become effective that year, and the Bush tax cuts expire, which Obama has refused to renew for the nation's small businesses, job creators and investors.

Also by 2013 Obama's regulatory tsunami will be building to a crescendo of increased costs on the economy. And the Fed, now committed to maintaining loose monetary policy through the election, will be reversing course right after to head off inflation, which will add to the contractionary effects on the economy.

The result will be one whopping, horrendous, record shattering recession, unless America changes course. In this explosive Broadside, former Reagan White House policy advisor Peter Ferrara exposes the final calamitous consequences of Obama's assault on prosperity

Autorentext

Peter Ferrara is director of entitlement and budget policy for the Heartland Institute, senior fellow for the Carleson Center for Public Policy, and general counsel of the American Civil Rights Union. He served in the White House Office of Policy Development under President Reagan and as associate deputy attorney general of the United States under President George H. W. Bush. He is a graduate of Harvard Law School and Harvard College.