Several months ago I attempted to explain what a ludicrous idea taxing the wealthy was to balance the budget and redistribute the wealth among the needy and worthy poor members of society. It's classic liberal drivel to pick an example of a poor person or family, then exploit their dire circumstances for political gain.
Last week, President Obama addressed the nation. He trashed the Paul Ryan 2012 budget on national television, putting forward instead a plan to tax the wealthy Americans, demanding that they ante up and pay their fair share to help us get out of debt and reduce the deficits.
I am appalled at the audacity, the boldness and the bald face lies this man tells. Either he has no one in his administration who can do the basic math, or he intentionally attempts to deceive. Whichever it is, the facts simply do not support his assumptions.
Take a few minutes and watch.
What do you think? Can we restore fiscal sanity to Washington by merely taxing the rich? If you need help with the answer, check out the opinion of this writer in The Wall Street Journal. The Cato Institute sets the facts straight in President Obama's attack against the wealthy.
We don't have a taxation problem in America, we have a spending problem. Better get it right, all you politicians, the clock is ticking with the S&P announcement this week that America is on a negative credit watch that could result in a downgrade of America's "AAA" rating two years from now.