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!
The US has about 130 billion barrels of oil in recoverable reserves. At $100/bbl, that 13 trillion bucks.
We may not like to think of our oil being worth that much, but I am sure the Chinese do.
The money line: The One measures our “greatness” as a country by Medicare/Medicaid/Social Security. That’s right…we measure our greatness, not by the entrepreneurial spirit of our people or our resourcefulness or hard work…its all based on the size and scope of GOVERNMENT programs. Ans we measure our success, based on getting MORE AND MORE AND MORE AND MORE AND MORE people into those programs and dependent on government for their existance.
It’s worth noting that by stating that Medicare and Medicaid are off the table, Obama states a desire to consign our nation to oblivion. The unfunded liabilities of these programs exceed the entire national wealth.
That’s the kind of guy that is in the office right now, and if it doesn’t scare the **** out of you, you’re not paying attention.