Let's do some math

The current population of the United States is 305,428,868, estimated.

Let's estimate that, and be generous, and say only 1/3 of that population is 18 and older, working and responsible for taxes.

This leaves us with 204,637,341.56 to pay taxes. (305,428,868 *.67)

Obama says 95% of the population with have a tax cut, and 5% will see a tax hike.

That means 10,231,867.05 will cover tax cuts on 194,405,474.51.

Not long ago Obama mentioned a $1,000.00 tax cut for middle class and lower-income families.

So... to cover the tax cuts, those 5% would have to pay $194,405,474,510

That averages out to $19,000 EACH would have to pay just to cover the tax cuts. This is just an average. Some pay more, some pay less. But if you make $250,000 a year, your taxes go up to cover this plan.

Keep in mind I am being VERY generous here.

Now let's get to Obama's spending plan. Let's say he spends that $293,000,000,000 a year that Tom McCardle says he proposes in spending EXTRA.

The top 5% are now paying $28,636.03 plus $ 19,000.00 totalling $47,636.03 a year, on top of their current taxes.

Now, let's see if Obama can attempt to tackle the deficit.

The current deficit for this year is, as I am typing this, $560,411,241,901.46.

This averages out to $54,711.16 for that top 5%. Add that to the previous $47, 636.03 a year, and we now have...

$102,347.10 on top of current taxes.

What happens if we all get stuck paying for the $700,000,000,000.00 bailout bill?

The rich will pay $68,413.71. Add it up. We are now at...

$170,760.81 average for each to pay annually ON TOP OF their current taxes.

And I am being generous. This is only federal taxes. They still have to pay state taxes.

I know this is not accurate to the penny, and I had to do some rounding, but I think a point here was made.

Jobs will be lost. The economy will continue to dive.

We're screwed '08.