What Is Obama Smoking?

(WSJ) According to sources on Capitol Hill, the White House wants Republicans to pony up $960 billion in immediate tax increases, which will come from hiking the top marginal rates and increasing capital gains and dividends taxes. That is just for starters. The administration also wants the GOP to surrender an additional $600 billion in revenue via later tax reforms.

The president's team specified no amounts or details on spending cuts. Rather, the White House wants more spending: at least $50 billion in new stimulus, an extension of unemployment insurance, a one-year deferral of the sequester, new money to refinance underwater mortgages, a Medicare-doctor fix... and a partridge in a pear tree. Keep Reading Get The News The Liberal Media Refuses To Print! Input Your Primary Email Address Below And You'll Receive A Free Gift, Our Downloadable Report On The Cloward-Piven Strategy.       Privacy Policy: We respect your privacy and will not share your email address with ANYONE... PERIOD! Mouse Over The Green Icon To The Left To Share This Story On Your Favorite Social Media Sites. RELATED STORIES