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Obama's America Will Become Detroit

jengelman Wrote: Dec 12, 2012 9:48 PM
Before Kennedy, Reagan, and GW cut taxes revenue had been rising more. Tax receipts usually rise from one year to the next because of inflation and economic growth. They nearly always rise more when taxes are not cut, and even more when they are raised.
President Barack Obama travelled to Michigan this week and made his case for class war in defense of the welfare state.

We need to take more money from the rich, he said, or schools will not be able to afford books, students will not be able to afford college, and disabled children will not get health care.

"Our economic success has never come from the top down," said Obama. "It comes from the middle out.It comes from the bottom up."

Obama spoke these words a few miles from Detroit -- the reductio ad absurdum of his argument.

If America continues down...