http://www.cnn.com/2012/08/11/opinion/morrissey-ryan/index.html

I like that opinion piece from CNN.

Here are the important parts:

• Over the next 75 years, the federal government is projected to have $222 trillion more in liabilities than revenue if changes are not made.
• The Democrat's proposal of taxing people who make more than $250,000 a year more will result in only $40 billion in more revenue each year.
• The White House has no plan to deal with this problem and they don't like the plan put forth by the Republicans.

I don't understand how this big, looming problem is not an important part of the political discussion in America.  I don't understand why Obama and the Democrats are not criticized for not offering a plan to deal with this problem.

Nobody Likes the Rich

http://www.nytimes.com/2012/08/08/business/global/frances-les-riches-vow-to-leave-if-75-tax-rate-is-passed.html?_r=2&hpw

75% tax rate? The new president says he does not like the rich. Ouch. Nothing like that would ever happen in the USA, right?