Thursday, December 13, 2012

Save the Middle Class… and Everyone Else

William McGurn, the esteemed Wall Street Journal columnist and soon-to-be editor of the editorial page of the New York Post, has made an interesting observation about the fabulous Bush tax cuts that are about TO lapse. They amount to a substantial sum of money for a middle-class family. For the middle-class it will be a big deal if they disappear. The Bush tax cuts have been portrayed by President Barack Obama as a rich person's tax cut, but now he is portraying them as a huge tax break for the middle class. Of a sudden he says do not let them lapse! Instead raise taxes on the wealthy!

The President has recently said, "A typical middle-class family of four would see its income taxes go up by $2,200. That's $2,200 out of people's pockets. That means less money for buying groceries, less money for filling prescriptions, less money for buying diapers." Certainly we would all agree with the President that a $2,200 bite from a middle class income will hurt the middle class, a substantial swath of the American people. Thus he wants to take a bigger bite from the top two percent of income earners towards balancing the budget. That will, according to his plan, add up to seven percent of the deficit. Unfortunately it hardly puts a dent in his trillion-dollar problem, a trillion-dollar problem that will confront him every year of his second term. Moreover, it will almost certainly impede growth and job creation. What is to be done? Sacrifice the middle class or sacrifice the upper two percent? Read more....


  1. Hi to every , as I am truly eager of reading this blog's post to be updated regularly. It consists of fastidious information.
    Also visit my blog post - nfl jerseys

  2. It's the Spending Stupid.

  3. You actually make it seem so easy with your presentation but I find this matter to be actually something which I think I
    would never understand. It seems too complex and very broad for me.
    I am looking forward for your next post, I'll try to get the hang of it!

    Also visit my website - オークリーメガネ

  4. Great beat ! I would like to apprentice at the same time as you
    amend your site, how can i subscribe for a weblog website?
    The account aided me a appropriate deal. I were tiny bit acquainted of this your broadcast
    provided bright clear idea

    Stop by my homepage: オークリーメガネ

  5. Hello! This post couldn't be written any better! Reading through this post reminds me of my old room mate! He always kept chatting about this. I will forward this write-up to him. Fairly certain he will have a good read. Many thanks for sharing!

    Look into my web page; 激安レイバン

  6. I know this website presents quality depending
    articles or reviews and other stuff, is there any other
    web page which gives these things in quality?

    Feel free to visit my website: レイバンサングラス

  7. Hi there! This blog post couldn't be written any better! Looking at this post reminds me of my previous roommate! He constantly kept preaching about this. I'll send this article to
    him. Pretty sure he'll have a great read. Many thanks for sharing!

    Here is my page :: レイバン 通販

  8. Greetings! Very useful advice in this particular article!
    It is the little changes that produce the largest changes.
    Thanks a lot for sharing!

    Also visit my site: レイバンサングラス

  9. Woah! I'm really enjoying the template/theme of this site. It's simple, yet
    effective. A lot of times it's challenging to get that "perfect balance" between superb usability and appearance. I must say you have done a fantastic job with this. Additionally, the blog loads very fast for me on Safari. Superb Blog!

    Also visit my homepage オークリー アウトレット

  10. Pretty section of content. I just stumbled upon your site
    and in accession capital to assert that I acquire in fact enjoyed account
    your blog posts. Anyway I'll be subscribing to your augment and even I achievement you access consistently quickly.

    My site; サングラス オークリー

  11. This post will help the internet users for creating new
    webpage or even a weblog from start to end.

    Feel free to surf to my website - レイバンサングラス

  12. For latest news you have to go to see the web and on web I found this web
    site as a most excellent site for most recent updates.

    Here is my page 激安オークリー

  13. Hello There. I found your weblog the use of msn. That is a really well written article.
    I'll make sure to bookmark it and come back to read more of your useful information. Thank you for the post. I will definitely return.

    Also visit my weblog: オークリー サングラス

  14. What's Taking place i'm new to this, I stumbled upon this I've discovered It absolutely helpful and it has aided me out loads. I hope to give a contribution & help other users like its aided me. Good job.

    Visit my web blog レイバンサングラス

  15. Hey There. I found your blog using msn. This is a very well written article.
    I will make sure to bookmark it and return to read more of
    your useful info. Thanks for the post. I'll certainly comeback.

    Feel free to surf to my web page - レイバンサングラス

  16. I'm amazed, I must say. Seldom do I encounter a blog that's both equally educative and interesting, and let me tell you, you've hit the nail on the head. The problem is an issue that not enough men and women are speaking intelligently about. Now i'm very happy that I came across
    this in my hunt for something concerning this.

    Here is my web blog; レイバン


Everyone is encouraged to participate with civilized comments.