In re-reading yesterday’s speech by President Obama, several things stand out. The first is its crass distortions. In his remarks in the Rose Garden, the president said, “If we’re not willing to ask those who’ve done extraordinarily well to help America close the deficit … then the logic, the math says everybody else has to do a whole lot more: We’ve got to put the entire burden on the middle class and the poor.” As others have pointed out, the top 10 percent of earners pay nearly 70 percent of all income taxes and the richest one percent pay more...
