I thought this article from the Wall Street Journal Opinion section was important enough to take quotes from and explain to people that Obama's Plan doesn't make sense!

 http://online.wsj.com/article/SB123561551065378405.html?mod=article-outset-box

It's called "The 2% Illusion"

A major part of his proposal is that he will end tax breaks for just 2% of the wealthiest Americans and houshoulds earning less than $250K will not see their taxes increase by a single dime.

With definitive numbers from IRS data in 2006 it goes on to show that even taxing the wealthiest at 100% of their Taxable Income of everyone earning over $500K in the United States wouldn't yield enough to make a dent in the $4 Trillion to be spent in Fiscal 2010.

The end result is obvious everyone in the United States will have to pay higher taxes!!!!!  Maybe not this year since he made a promise not to raise taxes...but the higher taxes are going to come!

If we aren't paying higher income taxes we will see hidden taxes in other things in the future to make up for these differences:  Energy, Food, etc...

"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."

I think Obama believes those who voted for him are dumb!  They really don't understand what he is doing to this country and what he his agenda is they just listen to him and are stuck in his HYPE and CHEERING for him! 

 

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