In response to:

Cutter: Okay Fine, We've Been Lying About Romney's Tax Plan

DevilDog0311 Wrote: Oct 07, 2012 12:12 PM
http://www.heritage.org/federalbudget/top10-percent-income-earners http://www.heritage.org/federalbudget/national-debt-skyrocket http://www.heritage.org/federalbudget/obama-budget-hikes-taxes http://www.heritage.org/federalbudget/entitlements-historical-tax-levels http://www.heritage.org/federalbudget/entitlement-spending-double Sources: Heritage Foundation calculations based on data from the Office of Management and Budget and the U.S. Department of the Treasury.
DevilDog0311 Wrote: Oct 07, 2012 12:15 PM
President Obama’s budget would:
•Permanently expand the federal government by nearly 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
•Borrow 42 cents for each dollar spent in 2010;
•Leave permanent deficits that top $1 trillion in as late as 2020;

One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families.  Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans.  Romney flatly rejected the claim by calling it false, then explained what he actually has in mind.  But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger.  FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....