The Democratic Administration has fostered the notion that if we taxed the rich (families/businesses with income over $250k/yr), we could solve the national debt and budget problems that face America! Let’s look as some numbers! If the subsidies for oil/gas companies were eliminated, it would bring in $4 Billion a year ($4oB over 10 years)! What about those evil hedge fund managers? Tax hedge fund managers at the normal tax rate, instead of the 15% capital gains rate….add another $2B per year! What about those corporate jets? Eliminate the subsidy and save a whopping $.3B each year! Push back the Bush Tax cuts for the wealthy and save another $80B! Cut the home interest deductions and save $2B! Add the all up and it comes to a paltry 2.3% of Obama’s $3.7 Trillion budget! Is that rain? Or is someone pissing on my leg? Serious cuts in the federal spending by reducing the size of each government department (or eliminating them, altogether), cutting all the waste/fraud, and restructuring Medicare/Medicaid are the only real answers! Time to return from Fantasy Island, America! Taxing the rich, who provide most of the jobs in America, will NOT solve the problem!!!!