Analyst's note:  Only in Washington D.C. .....and other socialist countries.

"Announcing his budget plans for fiscal year 2013 in an address at Northern Virginia Community College in Annandale, Va., President Barack Obama characterized the current income tax rates--signed into law by President Bush a decade ago--as a form of government spending.

Essentially, the president said that the federal government "spends" when it does not raise taxes. [....]

[....] “Right now, we’re scheduled to spend more than $1 trillion more on what was intended to be a temporary tax cut for the wealthiest two percent of Americans,” he said. “We’ve already spent about that much. Now we’re expected to spend another $1 trillion. Keep in mind, a quarter of all millionaires pay lower tax rates than millions of middle class households. You’ve heard me say it: Warren Buffett pays a lower tax rate than his secretary.”

Obama has referred in the past to “spending in the tax code” – equating raising taxes with cutting spending. In this case, the $1 trillion the president was referring to was not actual government expenditures, but rather an estimate of what the government would have raised in revenue had the tax cuts not been in place.

Obama also proposes to levy a new $61 billion tax over 10 years on big banks aimed at recovering the costs of the financial bailout and providing money to help homeowners facing foreclosure on their homes.

He wants another $476 billion in increased spending on transportation to including inner-city rail services; $30 billion to modernize at least 35,000 schools and $30 billion to help states hire teachers and fire, police and rescue personnel. [....]