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Obama on Foreign Policy: Tax the Rich

Don't Tread On Me3 Wrote: Oct 20, 2012 12:10 PM
Let's say, for laughs, they did it, & there was actually significantly more revenue, at least at 1st as inertia continued & it wasn't time for investors to consider whether to invest more yet. Would the "deficit" be reduced? Would the debt be paid down? Of course not. The pols, esp. Demmies, would just $pend it & increase $pending & commitments to $pend, that much more. Give it to them, they'll spend it. Deficits & debt cannot be reduced except by NOT SPENDING, a scary exotic concept to Democrats & most other pols. There is not enough money in the universe to fully fund Demmie whims & rapaciousness.

As we run up to the final debate- this one on foreign policy- the establishment media hopes that it will be a defining moment in the Obama presidency.

But we already know that Obama’s speech- disguised as a debate- will contain nothing new.

His foreign policy will be based on a simple premise:

“If the rich were taxed at the same rates they were half a century ago,” said Obama senior advisor David Plouffe last year, “they’d be paying in over $350 billion more this year alone, which translates into trillions...

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