Reagan so wiely observed that we are not trillions in debt because we did not tax enough, we are trillions in debt because we spent to much.
One thing that I think will happen is that Obama’s tax-focus will blow up on him. He looks more and more like a Ceaser when he puts draconian tax laws in effect. There is something to be said aabout an underground economy...it workds well in Italy...when things are tough.
Obama looks like a petty tyrant.