Breaking News: Bill Richardson lowers Obama’s definition of rich down to $120,000

by Rossputin | 10:23 am, October 31, 2008 | Comments Off

This morning, New Mexico governor Bill Richardson, and enthusiastic supporter of Barack Obama, continued the downward ratchet of the level of income at which Barack Obama intends to confiscate income.

Obama started at $250,000, then said $200,000.

Joe Biden then dropped the bar to $150,000 three days ago.

And now, Bill Richardson is telling us that anyone making over $120,000 will be penalized by an Obama administration.

Of course, the only people who would be surprised by this are people who have a “willing suspension of disbelief” about Obama’s impossible promises.

As I mentioned yesterday, you know Obama’s claims are truly outrageous when even the AP and CBS News all but call him a liar.

In case it’s not clear enough from those articles, however, I’ll say it: Obama is a liar. His claims about how much he plans to spend are directly contradicted by his own web site. And his suggestion that he can pay for his planned massive increase in the size of government by just taxing the rich is also a lie. To get even close, he’d have to define rich somewhere around where we now have the poverty line, and even that would probably not cover it.

As Obama gets closer to winning, he’s lowering the expectations bar so that it will be hard for others to call him a liar later. But if you believe that even $120,000 is where the confiscation will start, you’re fooling yourself. The only people who may do better under Obama are those currently at or below the poverty line. Unfortunately, the benefit to those will be more than offset by the increasing number of people who are moved from the middle class to poverty by his misguided “soak the rich” mentality.

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