[mikeyyuiok]

Misleading or a bald faced lie?

This is from the transcript of Obama's speech on the deficit talks tonight:

The only reason this balanced approach isn't on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a cuts-only approach - an approach that doesn't ask the wealthiest Americans or biggest corporations to contribute anything at all. And because nothing is asked of those at the top of the income scales, such an approach would close the deficit only with more severe cuts to programs we all care about - cuts that place a greater burden on working families. I call 100% unadulterated bullshit on this line.

Right now the top 50% of all taxpayers foot the bill for 97% of all taxes collected and nothing in either of the plans presented will change that.

The truth is mighty damned far from "nothing is asked of those at the top of the income scales". This comment is nothing more than Obama's continued catering to those "progressives" who thrive on the Marxist ideology of class warfare.

Now let's look at this

In fact, I want to extend the payroll tax cut for working families. What we're talking about under a balanced approach is asking Americans whose incomes have gone up the most over the last decade - millionaires and billionaires - to share in the sacrifice everyone else has to make. Granted, it's been a few years since I watched Sesame Street but I don't remember "sharing" to have ever been defined "you provide less while he provides more".

There's no "sharing" in this method. It's "taking" and "redistributing".