Nonsequitur: Obama’s Plan?

April 23, 2012

James Capretta (former Assoc. Director at OMB) presents an interesting argument that Obama’s “plan” for his second term is basically:

” …higher marginal tax rates on the successful, no reforms to entitlement programs, and more government spending on selected “investments.”

Barack Obama 49 by David Wagner

Of course, we already have no reforms to entitlement programs and already spent billions of tax dollars on selected investments.  So that just leaves the targeted tax increases.  Is that enough to fix the problems we face in the next 4+ years?

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