Obama's tax increases amount to only 8% of his spending proposals. Geeeeeesh

Here is a little test for the Reader: take this headline and tell me what the total dollar amount is:
Obama sets record: $4,247,000,000,000 debt in just 945 days... Hint: we are talking about "trillions." This is what Obama has spent in little more than two and half years.

That is more than 4 billion per day or 3 million every single minute.

You should take this information down and make use of it every time someone in politics tells you how much money they are going to "cut" from the "budget."

Note: I put "cut" in quotes because a decrease in spending is not a cut. I put "budget" in quotes because we haven't had a stinking budget in more than two years, under Obama and his Democrat Party Rule !!

Understand that when someone says, "We are going to cut 80 BILLION dollars," they are only talking about 20 days of deficit spending.

When Obama talks about raising a trillion dollars in taxing the "rich," he is talking about a trillion dollars over a ten year period of time, or a 100 billion per year. Understand that current Obama spending is 14.5 times the 100 billion total. While "100 billion" is nothing to sneeze at, it does not begin to solve the deficit problem. He is proposing taxation that covers somewhere around 6 to 8 percent of his annual deficit. In other words, he is proposing "next to nothing," percentage wise; that is the fact and some of you do not get it.

Looking at the above facts, we see that Obama is playing games with the American voter.

The FACTS give reason for why folks such as myself are against "taxing the rich." Again, the reason is this: taxing the rich does almost nothing to solve our deficit problems. The only way you effectively deal with the problem is to cut spending. The real problem with this is the additional fact that Democrats do not understand the statement, "We have no money." They actually believe that the money supply is endless because, I suppose, we can print money.

In summary, the Novice Economist proposes tax increases totaling 8% of his annual debt and Democrats do not understand this mathematical reality. If we are going to go with Obama's tax proposal, we fall 92% short of balancing the annual budget.

The TEA Party is right to oppose increased taxation because that proposal does almost nothing to solve the problem.

One last point: if we consider the total annual spending bill of around $3.8 trillion, Obama's tax proposal is 2% of his total proposal.

Conclusion: this whole debate over "taxing the rich" is nothing more than a sad, sad, joke on the American people.