For months, pundits and politicians have been saying that Americans have a math problem. They have a point, for Mr. Obama routinely champions the idea that running annual deficits in excess of $1 trillion dollars can be continued, simply by requiring Americans to pay $200 billion in taxes more each year. Anyone with a 3rd grade grasp of math has long ago come to the conclusion that even if Mr. Obama gets his way, huge annual deficits will remain, and the nation cannot sustain the current level of profligate spending indefinitely. Somehow, contrary to all known mathematics principles, and contrary to all common sense, in the mind of our president, the math works.
Now, even our language is under assault. Americans are no longer arguing about increasingly misleading and dodgy ways to represent the budget numbers, but are now battling over the meaning of the words being used by both sides in these arguments.
Consider Mr. Obama’s primary contention that the millionaires and billionaires (defined, without any sense of irony, as those making $250,000 a year) need to pay “just a little bit more” in taxes. The president contends that raising taxes to 39% on the top 2% will generate $1.6 trillion dollars over 10 years with no adverse effects to job growth.
• Barack Obama, has said "We can make another trillion or trillion-two, and ask for the wealthy to pay a little bit more."
• Harry Reid, Senate Majority Leader, has said: "people making all this money have to contribute a little bit more,"
• Dick Durbin, Senate Majority Whip, has said; "let the tax rates go up to 39 percent", that's it's okay for the wealthy to pay "just a bit more".
• According to Sen. Patty Murray (D-WA), "At a time when middle class families continue to struggle, it’s only fair to call on the wealthiest Americans to pay just a bit more toward their fair share,” Murray said after the vote".
• Peter Orszag (former head of OMB) claims: calling for the wealthy to pay "just a bit more" in order to achieve needed compromise on taxes and debt, is a reasonable and moderate approach.