Red Barry's Economic Genocide

In his deficit reduction "vision" speech on Wednesday, President Obama tried to distinguish his plan from that of House Budget Committee Chairman Paul Ryan by using a rather crude analogy. The president said, "We have to use a scalpel and not a machete to reduce the deficit."

But when it comes to tax hikes -- to extend the analogy -- the Obama administration's 2012 budget is charging at business partnerships of all sizes with what could be described as a Texas-size guillotine.