Calling the Democrats' gathering in Charlotte "The Che Convention,"
Peter Ferrara makes the following points:
Obama's runaway spending spree is so left-wing it makes Franklin
Roosevelt look like a Republican. The most Roosevelt ever spent in
one year (during peacetime) was 10.7% of GDP, at the height of the
Great Depression. Over Obama's four years of office, federal
spending has averaged 24.4% of GDP. Since World War II, up until
Obama, federal spending actually was fairly stable around 20% of
GDP. But Obama and his Che Guevara Democrats have already broken
through that consensus, raising federal spending by about one
Make that libertarian. And notice how the Marxist rhetoric utterly fails the smell test:
CBO reports that in 2009 the top 1% of income earners paid 39% of
all federal income taxes, three times their share of income at 13%.
That was more than the bottom 95% of income earners
combined! In fact, the bottom 60% of income
earners, as a group, paid less than 0% of federal income taxes.
Instead, as a group, they received net payments from the