Speaking of Shared Sacrifice …
Roger on Obama’s latest primetime speech:
So the president wants “millionaires and billionaires” to “share in the sacrifice everyone else has to make.” Right. A couple of points: by “millionaires and billionaires” he means middle-class folks with a family income of $250,000 or above. By “sacrifice everyone else has to make” he means everyone except the 43.4 percent of tax filers who pay no federal income tax — many of whom, in fact, get a check from the government, i.e., from the other 50-odd percent who do pay federal income tax. (Remember this: the government has no money of its own: what money it disperses it gets from individuals and businesses.)
Read the whole thing here.