After raising the level of deficit spending by $4 trillion in just 2-1/2 years, Obama claims his "tax-the-rich" plan will reduce the deficit by $3 trillion over the next 10 years. He claims that it's not class warfare, it's the math. (Click here to See the CBS story: "Obama: Plan not class warfare, it's math")
Well, to me, the President's math really stinks. Over the next 10 years, we'll be spending $1.6 trillion more per year than when Obama took office. Then, against that spending level, his plan proposes to save a mere $300 billion per year. That then leaves a continuing spending deficit of $1.3 trillion, every year, over the next 10 years. Obviously, his "taxing-the-rich" scheme is only a pin prick when compared to the massive spending legacy of this Presidency. Therefore, I don't really think it "is" about the math. And, if it's not the math, then what? Class warfare, maybe?