The President serves up liberal leftovers in an effort the wrest the national fiscal agenda from Congressman Paul Ryan in his campaign speech this week.
Just one thing Mr. President:
According to Internal Revenue Service data, the entire taxable income of everyone earning over $100,000 in 2008 was about $1.582 trillion. Even if all these Americans—most of whom are far from wealthy—were taxed at 100%, it wouldn’t cover Mr. Obama’s deficit for this year.
These are desperate times for a Democratic President that can’t even keep Pennsylvania in the fold, a state where the last Republican who won it was George H. W. Bush.
At least Jimmy Carter had the good sense to turn apologetic, rather than imperious, when his policies tipped over the cliff.
Perhaps it’ll be Obama’s “Oberstar Moment”.
Hm. Just in time for the Tea Party Tax Day Rally!