You may not find CNN listed among the channels that comprise the “Favorites” list on my TV’s cable box, but I have to hand it to them – or should I say, to Erin Burnett – for absolutely nailing to the wall the President Obama’s lack-luster and convoluted “binders full of tired progressive ideas” booklet that he released this week.
First of all – and this really ought to grab your attention – why in the world would the President of the United States need to send out 3.5 million informational booklets to communicate his socio-economic vision for the next four years? The man has every conceivable means of communication at his disposal. He has thousands of people all around the country, posing as credible journalists, who serve as his administration’s proxies and advocates. He has academia, Hollywood, and well-financed unions who have ostensibly been fighting to advance his agenda and fight for his plan to “get America back on track.”
And now, with the election less than two weeks away, Barack Obama and his team feel it necessary to explain to people who largely voted for him four years ago what he’s all about when it comes to the economy and jobs and taxes? Really? Apparently all of those “Let me be clear…” pre-ambles in his public speeches and interviews haven’t been working so well.
But even putting that awesome point aside, the most important thing I want to bring to your attention here is the whole “tax the rich” strategy this president – and progressives since Woodrow Wilson – wants to masquerade as the silver bullet in his deficit-reduction scheme.
As Ms. Burnett points out, to raise taxes on those making more than $250,000 to levels the president recommends would only bring in roughly $800 billion in revenue over the next ten years. In his coloring booklet, the president claims that he will be able to reduce the deficit by no less than $4 trillion over that same period of time. Important to keep in mind: most estimates put our total deficit somewhere in the $14-16 trillion ballpark.
The rich serve as the easy scapegoat. They always do. They’ve got nicer cars. They’ve got security guards at the entrance to their compounds. They’ve got fancy tax lawyers and accountants who treat our tax code like a Benihana chef treats that pound of soon-to-be beef teriyaki on his steaming grill – chopping and dicing, mincing and slicing his way to victory for his customer/client.
But let us assume that the Left’s version of reality is correct: that when the rich are taxed at arbitrarily “progressive” rates, fairness shall reign like the Pevensie kids at Cair Paravel, and the deficits will recede like the water levels in a bath-tub Al Gore just stepped out of.
According to “math,” where will the rest of the promised deficit reduction come from? How can President Obama guarantee $4 trillion in reductions when he can barely get to $1 trillion (and we need at least $14 trillion)?
These are the types of questions very few reporters in our national press ask. Kudos to CNN and Erin Burnett for asking them!
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