Thursday, February 26, 2009

The 2% Illusion


Obama and the main stream media just don't understand anything they say or report anymore. Did they ever? The Wall Street Journal researched just how much Obama's proposed budget spending is going to cost and how would have to be paid off. The top 2% couldn't come close, even if they were taxed at their fullest legal amount. Neither could the top 5%. Read this article from the WSJ which breaks down the irresposibility and poor planning in the Obama Administration. You will be shocked. But don't expect to see this on CNN or MSNBC. The main stream media doesn't want to report anything that could make "Dear Leader" look bad.



"The bottom line is that Mr. Obama is selling the country on a 2% illusion. Unwinding the U.S. commitment in Iraq and allowing the Bush tax cuts to expire can't possibly pay for his agenda. Taxes on the not-so-rich will need to rise as well."


"Mr. Obama is very good at portraying his agenda as nothing more than center-left pragmatism. But pragmatists don't ignore the data. And the reality is that the only way to pay for Mr. Obama's ambitions is to reach ever deeper into the pockets of the American middle class."

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