12/14 Quote Of The Day: The Middle Class Is Next

“How does Obama intend to pay for our cradle-to-grave welfare state? Why, by charging the dastardly ‘millionaires and billionaires’ who ‘can afford to pay a little bit more.’ No more extending the Bush-era tax rates for the rich. To do so, Obama tells us, would ‘cost’ $700 billion — over 10 years. So this ‘break’ for the rich ‘costs’ $70 billion a year — or a mere 7% of the $1 trillion annual deficits that Obama has rung up since he became president. This leaves us short about $930 billion per year — just for the annual deficit, never mind paring down the ever-growing national debt. From where is the shortfall to be made up?” — Larry Elder, libertarian-conservative Republican commentator in California