Obama's spending

Obama keeps promising more and more money to special interest groups. Just for the things he has promised in his speeches, they are estimating that he plans on spending around $800 BILLION http://www.realclearpolitics.com/articles/2008/02/obamas_gloomy_biggovernment_vi.html

He claims he is going to be cutting taxes for the poor and middle class while raising taxes on the rich. If he raises taxes up to 39% for the rich while simultaneously giving all the tax cuts he has promised to the poor and middle class, he will end up with a $80 billion deficit. All the money that is supposed to be coming in from the rich will easily be offset by the tax cuts he is promising the poor and middle class.

The federal budget is around $3 Trillion per year, and Obama has promised over $800 Billion in new spending. Either he's completely lying and he's not going to fund all the projects he is promising or he's not going to be able to give all those tax cuts he's promising to the poor and middle class. The richest 1% alone can't foot the $800 Billion bill.

But let's pretend he TRIED to make the top 1% of wage earners pay for all his spending. The top 1% of wage earners already pay 37% of the federal income tax received. That's more than $1 Trillion of federal money that comes just from the top 1%. If he needs $800 Billion more money from those people, he's going to have to double their taxes. The rich can't pay 78% of their money in federal income taxes. After FICA, state and local taxes, sales taxes and any other taxes, they wouldn't have any money.

So I'd love to know where Obama is going to get the money for all the projects he is promising. If he can't come up with $800 Billion (a conservative estimate) then he's got to be lying about something.