Yes Virginia, Obama is a liar.
Remember all those mainstream news reports before the election about how President Obama's expansive spending plans would require massive tax hikes on everyone, not just millionaires and billionaires? Neither do we.
But somehow after the election, reporters are finally admitting that Obama's budget numbers simply don't add up and that new taxes on the middle class — including a European-style value added tax — are "inevitable.
" New York Times columnist Eduardo Porter, for example, wrote this week that the $620 billion in tax hikes on the rich that Obama secured as part of the fiscal-cliff deal are "hardly enough to stabilize the nation's debt in the next 10 years, let alone deal with the long-term budget deficit."
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