Last night in the SoU address the president said that we can not make tax breaks permanent for the wealthiest two percent of Americans. Does he mean the top two percent of income earners? I know of no particular tax breaks that are going to people based on their wealth, only their income. Then he went on to talk about sacrificing “investment” in a series of government programs so that “millionaires” can keep their tax breaks. Again “millionaire” is a wealth concept not and income concept. There are probably plenty of millionaires earning less than $250,000 a year who would be able to keep their tax breaks and there are probably plenty of people earning over $250,000 a year who are not millionaires who should have their taxes raised, according to Obama. But regardless, it is somewhat disturbing to think that we have a president who is allegedly going to focus his time on economic issues and does not know the difference between wealth and income. I wonder if he knows the difference between the deficit and the debt.