The swooning media were enraptured by President Barack Obama’s soaring rhetoric in last week’s address to Congress despite the speech’s total lack of substance. They never bothered to ask “Where’s the beef?” in all those oratorical flourishes. In this case the beef is the money it will take to pay for his grandiose plans and programs, and that money is allegedly lining the pockets of those who dare to earn $250,000 or more a year. No matter that if you took every last cent of their earnings you would still not have enough to begin to pay for the ultra-exorbitant...