Tax the rich

Since Obama and his demagogue pals in the demagogue democrat party insist on demagoguing the tax the rich theme, this chart is offered in order to set the record straight.  Like it or not the rich carry the bulk of the tax burden and without them we are in even worse shape at least in terms of the debt/deficit issues.  Increasing the tax burden on the rich only makes matters worse....much worse.  Wait and see!  As regards the budget farce now going on in Washington, try these bullet points:

* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budget:

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38.50