“So when you put it all together, what you need is a package that keeps taxes where they are for middle-class families; we make some tough spending cuts on things that we don’t need; and then we ask the wealthiest Americans to pay a slightly higher tax rate. And that’s a principle I won’t compromise on, because I’m not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we’re asking students to pay higher student loans. Or suddenly, a school doesn’t have schoolbooks because the school district couldn’t afford it. Or some family that has a disabled kid isn’t getting the help that they need through Medicaid.”
— President Obama
Remarks at Daimler Detroit Diesel Plant
December 10, 2012
That’s right, folks. If taxes aren’t increased on the wealthy, schools will suddenly be unable to afford schoolbooks and disabled children will be denied Medicaid. Never mind that President Obama was perfectly happy to cut $110 billion from Medicaid during the fiscal cliff negotiations of 2011.
To hear Obama tell it, if taxes are increased on the wealthy then we would have no problems. It would bring about the end of war, famine and acne in adolescent boys. Of course, if taxing the wealthy is all that it takes to ensure that children aren’t deprived of their textbooks and from disabled children from receiving medical attention, then why doesn’t Obama see fit to impose a 100% tax on the wealthy?