Here is why Obama's plan to raise $1.5 trillion in taxes on the backs of the "rich" is a misnomer

The early reports on Obama's new plan for fixing the financial mess we are in (the fourth such plan, this year) has the rich being assessed a $1.5 trillion increase in taxes over the next ten years.

Understand that anytime anyone in government is talking about "billions" or "trillions" in savings, they are talking about that much money over the course of a ten year period. Often, the misfits in Congress speak of 1.3 trillion in deficit spending and 1.5 trillion in tax increases in the same breath, giving the impressions that the latter cancels out the former, after all, 1.5 is more than 1.3. Problem: when talking about "deficit spending," the folks are talking about "spending in a single year." When talking about "spending cuts," these same people are talking about "cuts" over the course of ten years. The purpose is to confuse, if not deceive, and this rhetorical strategy works like a charm.

Back to the Obama plan to be revealed later today (Monday 9/19/11) . Understand that this plan is the same plan voted down by the Democrat Super Congress in 2009. He own party voted this thing down at a time when the GOP could have done nothing to stop its passage.

Secondly, we spend 1.3 trillion more, each year, than we bring in via income taxation. Over the course of a ten year period, that is 13 trillion dollars (of course) in deficit spending. His plan will cut 1.5 trillion off that 13 trillion total leaving us with 11.5 trillion dollars in additional debt.

You should not forget that Obama defends these tax increases with the phrase, " I will not balance the budget on the backs of the middle class." Ha !! First, he is not planning on "balancing the budget" at all. For one thing, he has not had a budget for going on three years, the first Administration to govern without a budget in American history. Secondly, we will acquire more than 11 trillion in debt in the coming decade - after he raises taxes. No one is talking about balancing the budget, no one. Third, the tax increases will be permanent (as a matter of law) while the spending cuts are not (as only a matter of policy). Fourth, buried in the heart of this Obama bill are statements that make tax increase applied to married folks file separate returns of a $125,000 per year (p. 134 of the initial text found here).

Understand this: we, the people, have bought into Obama's "bait and switch" strategy. He gets us to hate the millionaires and billionaires of this country while rolling into that group, all those who make $100,000 to $125,000 per year, after taxes . . . . . . . . hardly the "rich of this country." Virtually ALL of private sector jobs are produced by those making $100,000 (after taxes) and more. This is class warfare, plain and simple.

This is a bill that taxes the middle class. It does not balance anything. And, this very plan was voted down in December of 2009 by a Democrat congress.