Obama Quote of the Morning

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes” "you will not see any of your taxes increase one single dime." (September 12, 2008, Dover, NH)

Obama tax pledge up in smoke

If Cap and Trade Passes the Senate;

The Wall Street Journal reports:

The Congressional Budget Office… estimates that the price hikes from a 15% cut in emissions would cost the average household in the bottom-income quintile about 3.3% of its after-tax income every year. That’s about $680, not including the costs of reduced employment and output. The three middle quintiles would see their paychecks cut between $880 and $1,500, or 2.9% to 2.7% of income. The rich would pay 1.7%. Cap and trade is the ideal policy for every Beltway analyst who thinks the tax code is too progressive (all 5 of them).

Then there is the cost of socialized medicine (which has a much better chance of becoming law than cap and tax).

Washington politicians are pushing us toward more socialized medicine at an estimated minimum cost of $1.17 trillion over the next 10 years - more than $100 million a year for 10 years. Remember, this is the minimum estimate. When is the last time a government project was completed with the amount of money originally estimated?

Another way to look at it is that it will cost $326 for every man, woman, and child in the country - over $1,300 a year for a family of four. READ THE REST at the Democrat

Tweet Quote of the morning;

"Can someone open a window? The fetid odor of Hope and Change is really starting to stink up the joint." http://is.gd/1k5Pd