Actually several speakers at the DNC mentioned that Obama would cut taxes for 95% of all people.

But I'm not sure if Migeru wanted to put that as a plus. If lying wouldn't be more effective in a campaign than telling the truth, anybody who cuts taxes, would have to explain, where to cut expenditures, too. Of course McCain's proposals are complete fantasy without any connection to reality, but when Obama doesn't want to cut military spending, and this is difficult, when he wants to escalate Afghanistan, he needs more tax income.

• The deficit of the unified budget will soon narrow the gap with the deficit of the general budget - so no more payroll tax support for the general budget
  
• A significant portion of the costs of the Iraq war are health care costs for veterans, equipment must be replaced
  
• the debt to GDP ratio rose in the last 8 years in the US, so Obama has to deal with higher interest payments
  
• Obama wants to invest into renewable energies, improve the infrastructure of America, and pay health insurance benefits from taxes
  
• the states and communities are as well in fiscal trouble, for paying for things like public education as well the federal wallet might be tapped
  
• the price of oil may go up again in the next years. Even a fairly aggressive plan - an extreme ambicious plan is not in the books - would not reduce foreign oil depenedency fast enough, to not making that a drag on the economy, especially given that the gulf prefers to spend its money in Europe and China instead of the US of A

More over the share of all taxes as part of the GDP is quite a bit smaller in the US than in most EU states. So, if one really doesn't want to reduce spending (reducing the military budget would be the top priority for me), it doesn't seem to be absurd to pay for the expenditures by increasing the tax rate.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers