COLUMBUS: The President delivered his State of the Union speech. Instead of talking about the state of the economy after three years in office, he emphasized his fairness doctrine for millionaires. With a deficit of $1.5 Trillion he wants anyone making over a million dollars to send 30% of it to Washington to balance the budget.
Sounds reasonable, but I heard Congressman Paul Ryan say that collecting 30% from those folks would only knock 8% off the deficit.
So if the President is serious, he had better go for 90 or 100% from the millionaires and 30% from everybody else. The half at the bottom that don’t pay any income taxes will holler, even if asked to contribute 5%, but it would help offset the cost of food stamps and school lunches.
The President introduced Warren Buffett’s secretary, saying the several thousands of dollars she paid last year was unfair compared to the millions her boss paid. I was wondering, did she fly commercial from Omaha, or did he send Air Force One to pick her up?
I bet if you confiscated half the wealth of the top 10% and spread it among the bottom 20%, in ten years the top folks would have rebuilt theirs, and the others would have squandered most of it. Now, don’t tell the President or he may propose it. He would take credit for the first part, and be long gone before the ten years was up.
When the President flew to Arizona to campaign, Governor Jan Brewer met him at the airport. I don’t know what he said to her, but he was definitely not singing, “I’m… so in love with you.”
While the President favors jazz, Newt’s personal theme song is a country classic, “Please, release me, let me go.”
If you think I’m being a bit harsh on our President, it’s just my feeble attempt to balance the discussion. See, Romney and Gingrich are beating on each other so much I don’t feel obliged to add to the Republican misery.
Historic quotes by Will Rogers:
“A conservative is a man who has plenty of money and doesn’t see any reason why he shouldn’t always have plenty of money. A Democrat is a fellow who never had any, but doesn’t see any reason why he shouldn’t have some.” WA #535, March 26, 1933
“When our country does accidentally stumble on a competent man why don’t they let him alone?” DT #200, March 17, 1927