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The PBS evening news last night showed a speech by Obama in which he declared that we should enact the Buffett rule (which generates $5 billion a year in taxes on the rich). He then went on to say: "If we do that, then it makes it affordable for us to be able to say for those people who make under $250,000 a year, like 98% of American families do, your taxes won't go up."
The deficit is $1400 billion per year. Getting a mere $5 billion a year from the rich is not going to cover that problem.
We have to accept that we are not going to solve this problem unless the "rest of us", the great middle class, join in and either have our taxes go up or have the government benefits go down or both.
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Tuesday, April 17, 2012
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Saying, instead of implying, does seem to cross the Rubicon.
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