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So why is no one screaming about Obama's pledge? He promised to only raise taxes on millionaires and billionaires. In the math classes I had, $250K is far from being a millionaire. As I have written in many other postings here, folks, there just isn't enough money at the top to pay for all the gov't spending. Obama sees it and has lowered his pledge significantly. In 2 more years, it'll be down to $100K. And guess what? There still will not be enough money. Letting the "Bush tax cuts" expire will only generate $67 billion. The deficit is $1 trillion. So only $933 billion needed to take from someone else...
BLAH BLAH BLAH, Obama has had 10 meetings with business, it hasnt worked in the past. The fixation with taxing the rich is puzzling, the deficit is 16 trillion, the taxes he proposes are 40 billion over 10 years, a grain of sand on the beach. What is the real plan? there isnt one.
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