President Obama, for all his bloviating and bluster about caring for the underserved — that wonderful Beltway lobbyist boilerplate — is, in fact, regressively transferring wealth en masse. Every dime borrowed from anyone is a dime — actually, with interest, far more than a dime — borrowed from young Americans.

It is hard to think of a larger regressive redistribution of wealth ever taking place; Attila could not imagine such plunder — and in broad daylight! Democrats will quickly say something about Romney and Ryan’s proposals to flatten the tax rate being regressive, but even on their far superior model, American taxes will be terribly progressive, the budget unbalanced and direct payments legitimized.