Obama's economic agenda

There's a great analysis over WSJ about Barack Obama's economic agenda ("How's Obama Going to Raise $4.3 Trillion?" - WSJ.com). Here's one excerpt:

A trillion here, a trillion there, and pretty soon you're talking about real money. Altogether, Mr. Obama is promising at least $4.3 trillion of increased spending and reduced tax revenue from 2009 to 2018 -- roughly an extra $430 billion a year by 2012-2013.

How is he going to pay for it?

Raising the tax rates on the salaries, dividends and capital gains of those making more than $200,000-$250,000, and phasing out their exemptions and deductions, can raise only a small fraction of the amount. Even if we have a strong economy, Mr. Obama's proposed tax hikes on the dwindling ranks of high earners would be unlikely to raise much more than $30 billion-$35 billion a year by 2012.

The reality is that any promises by Obama to "cut taxes" (actually, Obama is disingenuously labeling "tax credits" as "tax cuts"--newsflash: Democrat doesn't know the meaning of a tax cut) are swallowed up by the INEVITABLE growing tax burden that will be necessitated by his agenda.