Erick Erickson:
If Barack Obama gets his way and raises taxes on everyone making $250,000.00 a year or more, the amount of money he brings in will not close his own budget deficit. Nevermind the national debt — he won’t close this year’s budget deficit.
In fact, if we get the Democrats’ their wet dream of tax policy and take 100% of all annual income of everyone making $250,000.00 a year or more, we still won’t close Barack Obama’s budget deficit.
This is why Barack Obama will continue to simply demogague the Ryan plan, rather than present an actual plan of his own. It is mathematically impossible for any real plan to match his own and, thus, the lie would be revealed.
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