We can glean this much: He'd like to hire 100,000 new teachers and he wants to raise taxes on...
Obama keeps carping on how Romney's math doesn't add up; so let's talk math. If Obama gets all the tax increases he wants, he will (at best) get an additional 65 billion dollars in revenue in 2013. The 2013 deficit is projected to be (again) over a trillion dollars. You can only reduce the nations debt by spending less than you take in. You need much more in tax revenue than Obama is proposing; or you need to cut spending. Under Clinton, we were spending about 19% of GDP on government during the years we had a surplus. That doesn't include raiding the social security surplus, which supposedly will have to be paid back. Under Obama government spending has been about 25% of GDP. That's the math. Raise taxes or cut spending. Where's the plan?
President Obama has declined to outline a second term agenda. He doesn't say what he would do about the fiscal cliff that looms in just a couple of months. He hasn't addressed the glaring challenge of an aging population and entitlement spending that is careening toward insolvency. (On the contrary, he has significantly hastened the emergency by piling on new entitlement spending.) He hasn't proposed policies to improve the economy. He promises nothing more on Iran than to maintain ineffective sanctions.
- DNC chairwoman: What, politics influencing the president’s Keystone XL delay? Nahhh. Erika Johnsen 1 hour ago
- Oklahoma will charge homeowners who generate their own power Jazz Shaw 4 hours ago
- Modern tales of the Good Samaritan Jazz Shaw 7 hours ago
- Gosnell Movie crosses the million-dollar mark Ed Morrissey 9 hours ago
- Open thread: Sunday morning talking heads Allahpundit 11 hours ago
- A blessed and happy Easter Sunday to all Hot Air readers! Ed Morrissey 19 hours ago