William McGurn would like you to grasp it firmly, please:
[NRO’s Reihan Salam], a policy adviser at the pro-market think tank Economics 21, observes that the revenues Mr. Obama needs to pay for his agenda fall in the rung just below the super-rich—that is, Americans earning between $100,000 and $200,000. The political problem is that this is a block that went Republican by 56% to 43% in 2010.
[TNR/Brooking Institute’s William Galston] cheerfully supports raising taxes on those with incomes between $100,000 and $250,000 to support progressive policies and help tame the deficit. He is simply honest enough to know that Mr. Obama cannot get the top 2% of income earners to pay for everything he has promised to do.
Stupidly promised to do, by the way. Just to make that clear: insanely increasing spending to the point where you’ll have to explicitly break an explicit promise:
…is, well, insane. And stupid. And naive. And kind of ignorant. I can keep this going for a while, but you get the drift.
What’s that? You want advice for the President? Gee, I recommend he do one thing: suffer. Nobody twisted Barack Obama’s ego’s arm and made it make promises that Obama’s body couldn’t cash.
See you in 2012!