National

Eat the Rich


President Obama unveiled deficit-reduction proposals in February, in response to his party’s electoral shellacking, and in April, in response to being shown up by Paul Ryan. Perhaps his latest grand budget bargain should be called “Deficit Reduction Part Three: This Time I’m Serious.”  Except he isn’t. The spending cuts seem mostly to be the work of Medicare’s Independent Payment Advisory Board (IPAB), an unproven entity soon to bring its magical rationing powers and King Solomon-like decision-making to health care near you. But the tax increases are easily identifiable enough.  Read more at The American Spectator

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