I wanted to point you all to an outstanding point made by Lee Cary @ the American Thinker.
Here’s what he [Obama] said,
“But understand this: We also have to look at where some of our tax revenues are going. So when Sen. McCain proposes a $300 billion tax cut, a continuation not only of the Bush tax cuts, but an additional $200 billion that he’s going to give to big corporations, including big oil companies, $4 billion worth, that’s money out of the system.”
“The system.” What is this system to which Senator Obama referred?
This system is the federal government’s budget — the hub of Obama’s American economy – the center of the nation’s financial universe — the core of the American enterprise. It’s the federal government’s taxing system.
The center of his economic universe is the budget of the federal government.