Quote du jour

One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a 'substantial decline.' On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates…All of this means that the burden of paying for bloated government in Annapolis will fall on the middle class. Thanks to the futility of soaking the rich, these working families will now pay Mr. O'Malley's ‘fair share.’”

-Wall Street Journal editorial on Maryland's tax hike on millionaires

Quote du jour

Mr. Obama used his global forum this week not to rally the world to stop today's nuclear rogues but to offer lovely visions of disarmament in some distant future. In the bitter decades of the Cold War, we learned the hard way that the only countries that abide by disarmament treaties are those that want to be disarmed. It's becoming increasingly, and dangerously, obvious that Mr. Obama wasn't paying attention.

-WSJ, Review and Outlook