Why are taxpayers seeing red? Five charts say it all. The Obama budget:
- will send the tax and spend-o-meter will hit historic heights;
- pushes spending to historic levels -- 27.7% of GDP;
- pushes the deficdit to historic levels -- 12.3% of GDP;
- pushes public debt to levels unseen since WWII -- 64.8% of GDP; and
- sends spending and taxes skyrocketing.
You have to see it to believe it: paste this into your browser and weep...
http://www.americansforprosperity.org/022609-kerpen-charts
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Taxing the rich at 100% won't pay for Obama's budget. The Wall Street Journal has reported that taxing the rich at 100% won't pay for Obama's budget. Barack Obama promised not to raise taxes on anyone making under $250,000 per year. Where is he going to get the money? The numbers indicate Obama will need to take 100% of the income of everyone making over $75,000.
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