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Friday, February 27, 2009

Obama's 2% Illusion on Taxes, and Creeping Socialism

Two from yesterday's and today's WSJ. Environmental taxes, and numerous others. (photo: AP)

Barack Obama's Expensive Domestic Agenda Will Cost America's Middle Class - WSJ.com: "Take everything they earn, and it still won't be enough. President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end 'tax breaks for the wealthiest 2% of Americans,' and he promised that households earning less than $250,000 won't see their taxes increased by 'one single dime.'"

Barack Obama's Budget Proposal Will Expand Government Permanently - WSJ.com: "In the closing weeks of last year's election campaign, we wrote that Democrats had in mind the most sweeping expansion of government in decades. Liberals clucked, but it turns out even we've been outbid. With yesterday's fiscal 2010 budget proposal, President Obama is attempting not merely to expand the role of the federal government but to put it in such a dominant position that its power can never be rolled back."

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