The worst part of it would be that if you indeed confiscated all the earnings of every single American making $100,000 or more per year, not only would it not plug the ginormous hole left be liberal overspending, but that those people that got their earnings confiscated won't even try to earn that much again the following year, so the hole would be even bigger. The problem isn't a lack of tax revenue. The problem is too much spending. All wealth either goes into the private sector or the government sector. Someone please argue that taking more money from the private sector that produces to the government sector that mostly cuts checks to people that don't produce is even a good idea in concept, much less the disaster it is in practice.
I'll remind you once again that Obama didn't inherit even his first deficit in 2009. As I have pointed out many times in this blog, the FY 2007 federal budget - the last one put together by Republicans - was $2.7 trillion. Since Pelosi and Reid took over, the federal budget is at $3.8 trillion. The deficit is entirely comprised of new Democrat spending since 2007.
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