Some facts
intervene with this illogic. We added roughly $607 billion per year to
the debt under the Bush administration … a shabby record no doubt, and
one I deplore. But the first three years of the Obama administration
have added an average of $1.116 trillion annually to the deficit. At
that rate, four years of Obama spending will effectively equal eight of
Bush’s, and a second Obama term would undoubtedly make him the all-time
deficit champ.
To the incessant liberal litany that the “rich” need to pay “their fair share” of taxes, one can only note these IRS figures:
The
top 1 percent of all earners pay 40 percent of all federal income
taxes. The top 5 percent pay 60 percent. The top 25 percent pay 86
percent of all income taxes, and the bottom 50 percent pay only 3
percent of taxes. It’s fairly obvious that you can only soak the “rich”
so much.
Batchelder logic is always entertaining, but rarely enlightening.
—Mike Brake
Oklahoma City
This article appears in Sep 7-13, 2011.