Here is the line that may come back to haunt Obama.
"But let me perfectly clear, because I know you’ll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime."
Do not be mistaken, ambition is a positive trait, but managing expectation is a valuable ability.How does he pay for his ambitions?
Here is a complete list of his promises compiled by Politico.
— National health care coverage within the year.
— Seek a “cure for cancer in our time.”
— Reestablish America as producing the highest proportion of college graduates in the world by 2020.
— Lay “thousands of miles of power lines,” and construct wind turbines and solar panels.
— Expand mass transit.
— Reform the regulatory system
— Pass legislation that places a market-based cap on carbon pollution
— Commit to the goal of a “re-tooled, re-imagined auto industry.”
— Invest in electronic health records and new technology to reduce medical errors.
— Create new incentives for teacher performance
— Expand commitments to charter schools
— Sign legislation on national service authored by Sens. Edward Kennedy and Orrin Hatch.
— End direct payments to “large agribusinesses that don’t need them.”
— Eliminate no bid contracts in Iraq.
— “Root out waste, fraud and abuse in our Medicare program.”
— Jettison tax breaks for corporations that ship jobs overseas.
— No new taxes – “not one single dime” – for families that earn less than $250,000 a year.
— Begin debate on overhauling Social Security while creating “tax-free universal savings account for all Americans.”
— Increase the number of soldiers and Marines – and raise their pay and benefits.
— Encourage parental responsibility.