Pants on Fire

In Sunday’s interview with Fox’s Bill O’Reilly, the President said “I didn’t raise taxes once. I lowered taxes over the last two years.”

The Wall Street Journal offers this correction:

‘I Didn’t Raise Taxes Once’
Refreshing the President’s memory.

As for tax increases on individuals, perhaps he forgot the health-care bill’s new 0.9 percentage point increase in the Medicare payroll tax for families making over $250,000 and singles over $200,000. That tax increase takes effect in 2013, as will the application of what will be a 3.8% Medicare surtax (up from 2.9% today) to “unearned income” for the first time. This is a tax hike on investment and interest income, which will reduce the incentive to save and invest.

Meryl Streep as Margaret Thatcher

Meryl Streep will play Margaret Thatcher in the upcoming film “The Iron Lady” which focuses on the days leading up to the Falklands War.

Streep is one of the most talented actresses in Hollywood today.  Let’s hope that she and the producers of this film don’t go wobbly.

Meryl Streep channels Margaret Thatcher in “The Iron Lady”