Summary of the President’s Upcoming Speech
I know many of you, like myself are fearful that President Obama’s speech de jour may interrupt any quality TV you might have in mind.
Fear not; I’ll summarize his speech for you:
• We need to raise taxes on the rich (of which he is among that group by his own definition) because they aren’t paying their fair share. Never mind the fact the wealthiest 1% earn only 19% of the income but pay 37% of all income taxes. The top 10% pay 68% of all taxes paid! The bottom 50% earns 13% of all income but only pays 3% of the taxes.
• We need to tighten our belts and sacrifice for the good of all – albeit the President can be counted on to not sacrifice anything for the good of all.
• We need more stimulus money for those who actually earn money to provide $millions of dollars to invest in the infrastructure to create as many as 14 jobs.
There ya go. You’re welcome.
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