Unless you are hopelessly liberal and/or drinking WAY too much Kool-Aid, you are fully aware that President Obama and his Democrat minions on Capitol Hill can't get enough money from the so-called rich to pay for all the programs they're proposing.
On Saturday, such an inconvenient truth was actually revealed by none other than the New York Times:
"This idea that everything new that government provides ought to be paid for by the top 5 percent, that's a basically unstable way of governing."..."There is no way we can pay for health care and the rest of the Obama agenda, plus get our long-term deficits under control, simply by raising taxes on the wealthy...The middle class is going to have to contribute as well."
In an article surprisingly titled "Obama’s Pledge to Tax Only the Rich Can’t Pay for Everything, Analysts Say," Jackie Calmes from the outset went where few Obama-loving media members dare (h/t Bruce Bartlett):
Behind Democrats' struggle to pay the $1 trillion 10-year cost of President Obama's promise to overhaul the health care system is their collision with another of his well-known pledges: that 95 percent of Americans "will not see their taxes increase by a single dime" during his term.This will not be the last time that the president runs into a conflict between his audacious agenda and his pay-as-you-go guarantee, when only 5 percent of taxpayers are being asked to chip in. Critics from conservative to liberal warn that Mr. Obama has tied his and Congress's hands on a range of issues, including tax reform and the need to reduce deficits topping $1 trillion a year.
"You can only go to the same well so many times," said Bruce Bartlett, a Treasury official in the Reagan administration.
Imagine that. Not only did Calmes question the President's message, but she also quoted a Republican to support her point.
Heavens.
But that was just the beginning:
Polls show strong majorities supporting higher taxes on those earning more than $250,000 a year, Mr. Obama's target group. Yet some Congressional Democrats are fearful of Republicans' attacks that "soak the rich" tax increases will douse small-business owners, too, even if the number of those affected is far less than Republicans suggest.
Also, higher rates like those in the House health care legislation could lead to tax avoidance schemes, reducing the government's collections and warping business decisions, analysts say. [...]
Mr. Obama's vow to tax only the rich is a variation "of Bush's policy that nobody has to pay for anything," said Leonard Burman, a veteran of the Clinton administration Treasury and director of the nonpartisan Tax Policy Center.
"Democrats are more worried about the deficits," Mr. Burman added, but "they put the burden on a tiny fraction of the population that they figure doesn't vote for them anyway."
Mr. Burman and others recall that in the creation of Social Security and Medicare, Presidents Franklin D. Roosevelt and Lyndon B. Johnson insisted that beneficiaries contribute through payroll taxes, both to finance the programs and to give all Americans a vested interest. The same philosophy should apply to seeking universal health coverage, they say.
"This idea that everything new that government provides ought to be paid for by the top 5 percent, that's a basically unstable way of governing," Mr. Burman said.
WOW! That bears repeating: "This idea that everything new that government provides ought to be paid for by the top 5 percent, that's a basically unstable way of governing."
Yes folks, this was not only quoted by the Times, but came from a former Clinton administration official.
Yikes. But there's still more:
But [Obama's] no-new-tax admonition for most Americans even now complicates the behind-the-scenes work of the panel he established to recommend ways to simplify the tax code and raise more revenue.The panel, which is led by Paul A. Volcker, a former chairman of the Federal Reserve, is to report by Dec. 4. Overhauling the code, as in 1986, generally creates winners and losers across the board; leaving 95 percent of taxpayers unscathed will not be easy.
That has already proved true in the health care deliberations. Proposals to raise about $50 billion over 10 years by taxing sugared drinks foundered partly because the levy would hit nearly everyone.
And when Congressional leaders opposed Mr. Obama's chief idea for raising revenues - limiting affluent taxpayers' deductions - his campaign vow against taxing the middle class made finding an acceptable alternative difficult. [...]
"There is no way we can pay for health care and the rest of the Obama agenda, plus get our long-term deficits under control, simply by raising taxes on the wealthy," said Isabel V. Sawhill, a former Clinton administration budget official. "The middle class is going to have to contribute as well."
Wow! Let's read THAT again, shall we? "There is no way we can pay for health care and the rest of the Obama agenda, plus get our long-term deficits under control, simply by raising taxes on the wealthy...The middle class is going to have to contribute as well."
Exit question: If Americans across the fruited plain were aware of what was in this Times piece -- in particular, that taxes will INDEED have to be raised on the middle class to pay for healthcare reform -- how might the polling numbers change concerning this issue?
Nice job, Jackie!
—Noel Sheppard is the Associate Editor of NewsBusters. Follow him at Facebook and Twitter.




















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I think now we can
August 1, 2009 - 11:09 ET by Chris NormanI think now we can sarcastically say, "We'll just tax the rich." as a substitute for "We'll just pick some money off the ol' money tree".
The "Mainstream" Media: By liberals. For liberals.
Hell, there aren't enough
August 1, 2009 - 11:34 ET by R D HelmHell, there aren't enough rich people on the planet, much less in America, to cover what Obama has already blown out of the treasury, not to mention what is yet to come.
-Dave
Heck, Dave. after Obama's
August 1, 2009 - 12:12 ET by Chris NormanHeck, Dave. after Obama's done, there probably won't be much of an economy left to tax. Know what I mean?
The "Mainstream" Media: By liberals. For liberals.
goal
August 1, 2009 - 14:07 ET by m1xramBut, that's the goal, to destroy America so it can be remade in his image. The context is...
If we can defeat Cap and Tax and Healthcare the destruction will be slowed.
He has already failed... his country.
HMMMMMMMMM
August 1, 2009 - 11:37 ET by rick007Just wait till you start paying the carbon tax. LOL
NYT
August 1, 2009 - 11:37 ET by east tennessee johnWhere was this NYT "revelation" before the election? OOPS! Was their white guilt media feelings so strong and their hatred of George W. Bush, who wasn't on the ballot, so great that they allowed a disciplined black liberation marxist to go unchallenged in their failing rags and become POTUS? Sure as hell looks that way now, doesn't it? Then THEY wonder why their circulation is down across the whole MSM spectrum. Elitist morons strike again.
Think about it,If they
August 1, 2009 - 13:00 ET by kangarooThink about it,
If they had of gunned for McCain, and he won, then their ratings would be up and fox would be in the toilet ratings wise. Maybe they see that now, cause they ain't making a dime off Baz. And what they are making they are paying more in taxes now. he he he
No
August 1, 2009 - 15:49 ET by ChaitealoverWere Fox's ratings "in the toilet" before Obama won? I think not. So why would McCain winning have changed that? Answer, it wouldn't have. In spite of propaganda spread by libs, Fox news tells both sides of issues, that's why people have watched it since it came on the air.
Chai
“When all government...in little as in great things, shall be drawn to Washington as the center of all power, it will render powerless the checks provided...” Thomas Jefferson
AND
August 1, 2009 - 11:40 ET by Joe CamelThis surprises anyone who has even two brain cells touching? Seriousily, I know people who have bought into this.
the cynical side of me sees it differently
August 1, 2009 - 11:41 ET by candanceI don't take this like the Times is criticizing Obama from the center. The far left wants the middle class to pay more taxes. Remember Obama repeatedly said during the campaign that we would have to make sacrifices, change our priorities, be more patriotic. No way Democrats let middle classers get away without "paying their share."
That's why Jackie mentioned FDR. It's the idea of forcing the whole population to buy into something. We can't get rid of Social Security now precisely because so many people paid so much into it.
So in other words, the Times is complaining about his promise of not raising taxes because they know it will impede the agenda, and they are raising these points as a way to help him get out of it.
I knew it
August 1, 2009 - 11:54 ET by StarAZRich People Famine--I saw this one coming.
No bark in watchdog press
August 1, 2009 - 12:04 ET by metaphorsbwithuSay it ain't so, 'Noe' ...
People believe what they want to believe.
How we will suffer because of a 'watchdog' press with no bark in its dna.
It's exhausting keeping up with their biases and failures and the relentless mindless outrages of this out-of-control government ... which is probably by design.
metaphorsbwithu
I think this is more of a
August 1, 2009 - 12:03 ET by BKeyserI think this is more of a criptic warning piece from the Times in lieu of an opposition piece. I think they're reading the polls, seeing the momentum against this legislation gaining, and looking painfully forward to what could be an entirely different Congress in 17 months. I think they're suggesting a slowed pace to this, by asking the President to allow a bit more dialogue and compromise, knowing that once something is enacted, it can be "fixed" later. That might stem the tide of "change" and allow Democrats to hold on to the majority through 2012, and hopefully give Barry a 2nd term. "THATS when you raise taxes, dummy!" is the message.
thank you bkeyser
August 1, 2009 - 12:06 ET by candanceGlad that I'm not the only one who sees it.
Tax and spend
August 1, 2009 - 12:10 ET by KansasgirlThis was always Obama's agenda.
And always will be his
August 1, 2009 - 15:44 ET by celatorAnd always will be his agenda.
No citizen's right to life, liberty, pursuit of happiness, or property is safe as long as Obama is President of the United States.
Liberals Are In For A Shock
August 1, 2009 - 12:37 ET by rammingspeedThe truth is being squeezed out of those holding back the most. They must figure that now that Obama's been in charge for awhile, and that the tax and spenders (Marxists! I mean, c'mon), hold the majority, it's okay to tell people a little bit of what's going on. Liberals deeply believe that they are right, and that all sensible and patriotic Americans will come around.
They have the mentality of suicide bombers, blindly letting go of the dead man switch when they feel the time is right. The time is never right for confiscatory taxes in a free society. People will vote your ass out.
Now this
August 1, 2009 - 13:12 ET by acumenis what I call a teachable moment.
It still confounds me that
August 1, 2009 - 13:31 ET by SnappyIt still confounds me that people are perfectly will to "soak the rich". Doesnt everyone want to be rich at some point? And if you get there are you willing to be soaked to pay for someone elses everything? This penalizing of the successfull is absolutly abominable to me.
Whether I make enough to spare the expense or not is not the issue in my mind. The point is I made it! It should be up to me to distribute what I want when I want.
The simple solution however would be a simple flat tax of a nominal percentage with no write offs...period. Or to simply do away with income and payroll tax period and go with a VAT. (not my first choice). However the fact that people are shocked now that the middle class might see an increase? What did they think was going to happen when the Bush cuts expired?....and that was before all the "Emergency spending" that went through in order to save us.
Snappy, I think that the
August 1, 2009 - 13:49 ET by Chris NormanSnappy,
I think that the people who hate "the rich" are so unimaginative and so far gone, that they can't see themselves ever being rich. In their small minds it's better to destroy others than help themselves.
The "Mainstream" Media: By liberals. For liberals.
Unfortunatly I do agree with
August 1, 2009 - 14:05 ET by SnappyUnfortunatly I do agree with you...and that is what just dumbfounds me that in this country of opportunity where basically the sky is the limit with hard work, luck and perserverance that this attitude is even persists. ---I take that back, I know it persists and is even fostered by the Liberal Democrats.....sigh
I went on holiday with my
August 1, 2009 - 14:23 ET by kangarooI went on holiday with my one of my best mates of 20 years, with her family. Screaming libs, anyway the one son that came with us is 23, and after some heated arguments over a few things with his parents, me yelling the loudest lol, I asked the young fella what he thought, anyway he said we should just tax the crap out of the rich, (straight from his dads mouth mind you) and I said to him well what happens when you become rich cause he is a bright hardworking kid. And low and behold he actually had stop and think about that.
kangaroo, As soon as I
August 1, 2009 - 14:30 ET by Chris Normankangaroo,
As soon as I saw in the sidebar "Recent Comments" the first phrase of your reply "I went on holiday..." I knew it had to be either Jack Bauer or you. I knew that phrase signaled either an Aussie or a Brit. :)
The "Mainstream" Media: By liberals. For liberals.
LOL
August 1, 2009 - 14:51 ET by kangaroohey chris,
Yea funny that, you can take us out of our country but you can't take the country out of us, as the old saying goes. cheers
'roo, One can also
August 1, 2009 - 15:39 ET by Chris Norman'roo,
One can also tell if a person is Canadian if they say or write, "I am going to university...". :)
The "Mainstream" Media: By liberals. For liberals.
Or "Thats good beer eh."
August 1, 2009 - 19:03 ET by Dan The Man 2Or "Thats good beer eh."
Robbing Peter
August 1, 2009 - 13:35 ET by KC MulvilleSupport for reform is based on the premise that it will save money. But if you're telling me that they're going to raise taxes to pay for it ... what's the point?
It's like a bar saying that drinks cost less, but then finding out there's a new cover charge.
Until now, the scheme worked because it played on the American prejudice against the wealthy. "Don't worry, it'll all come from the rich, and they won't miss it." But once the scheme starts unraveling, and it becomes clear that the reform is going to cost more (while taking away freedom and any profit motive for the providers), the public is going to see just how whacked out this scheme is.
One question they haven't answered yet: suppose a doctor in the "public option" plan is accused of malpractice. Are they going to allow a billion dollar lawsuit against the government? You know that defense lawyers go after sky-high awards against insurance companies, because they have so much money? Now they're going after the government, who can literally print money when they need it.
You notice that there is
August 1, 2009 - 13:39 ET by dscottYou notice that there is not one word of priorities or cutting something else to to achieve their objective. Obama and the Democrats can not find $200 billion a year less important than health care. I take that partly back, they lied to the American people saying they could cut Medicare and provide more service with less money. The best they could do was a measley $100 million with chicken crap finagling.
You would think these greedy scum suckers could cut off one of their less important campaign contributors with the billions in subsidies the government hands out, I guess not, they insist on having their cake and eat it too. No wonder Kennedy, Frank, Murtha and Schumer are such obese pigs.
Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.
Wow...the NYTs is
August 1, 2009 - 16:04 ET by bigtimerWow...the NYTs is slipping.
Doubling down on stupid is not a particularly good idea. ~Andrew Breitbart
All I see is accountants and
August 1, 2009 - 16:13 ET by mostlymoderateAll I see is accountants and lawyers find new and creative ways for the top 5% to "shelter" their money from the IRS. I also see people not striving to be the best they can be in order to stay out of the higher tax bracket. Gonna be a sad four years for capitalism.
One point I've not seen made
August 1, 2009 - 22:44 ET by sic721on taxing the 'wealthy' is the way the so-called 'rich' threshold kept changing. From $250k to $200k to $500k down to $225k and now back up to $250k, a number which, coincidentally, is just above the highest paid member of Congress
Rank-and-File Members:
The current salary (2009) for rank-and-file members of the House and Senate is $174,000 per year.
House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400
Senate Leadership
Majority Party Leader - $193,400
Minority Party Leader - $193,400
Funny how that works out, isn't it? http://usgovinfo.about.com/od/uscongress/a/congresspay.htm
"Let us disappoint the Men who are raising themselves upon the ruin of this Country."-John Adams
New Surtaxes Needed
August 2, 2009 - 09:06 ET by dscottI propose a politicians tax. Everyone elected to national office should be subjected to a deficit surtax. The percentage of the surtax will be equal to that of the federal deficit to the GDP.
A second surtax would be for federal bureaucrats. The surtax would be equal to the percentage increase in the federal budget year over year. If the parasites want to throw more money away by any increase in spending, it comes out of their paychecks.
Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.
The 1764 Sugar Act led to sweet liberty
August 2, 2009 - 09:21 ET by Jack BauerThe American Revolution is popularly said to have been sparked at the Boston Tea Party!
That's when citizens revolted against King George's recently introduced new colonial taxes to help finance the then unheard of deficeit run up by the British government... it was a staggering £140 million, about $300 million.
One of the biggest formenters of revolt happened about 10 years earlier, and it has echoes today with all the crazy liberals thinking of goods and servicies they can stick hidden taxes upon. Like SUGAR based goods.
The Revenue Act of 1764, often called the Sugar Tax placed onerous and punative burdens on American trade. This was one of the slow fuses that burst into open rebellion.
Watch out Obama. Americans have a long history of disliking taxing "sugar."
August 2, 2009 - 11:17 ET by jessieHIf I was a rich man I would leave the country. Let obama pay for it. The federal govt. needs to be on this plan too. Most of them have become rich off the sweat of the people, but they pay nothing.