On the recordJuly 20, 2011
I say to my friend from Alabama, confiscating all the income from those earning over $1 million does not even fix 1 year of the 10 years of projected Obama debt. It would cover 244 days, 16 hours and 34 minutes. That is it. Not even 1 year. Look at this. Federal policymakers could kiss that revenue source goodbye after an event such as confiscation. So there you are: $13 trillion. Take the $893 billion. If we took every dime that millionaires make this next year, the $893 billion, we would be down to $12.1 trillion in remaining debt. Is the problem solved? Of course not.
