Republicans were not too thrilled with President Obama’s speech Tuesday which outlined his plans to trim the deficit by $4 Trillion over the next 12 years.  They claim he dismissed their proposals and his only suggestion was raising $1 Trillion through new taxes on high-income earners.  But there was a new twist:  raising taxes is now called “spending reductions in the tax code”…  

- And U.S. involvement in the war in Libya will now be referred to as “A working-vacation for U.S. soldiers in North Africa”. 

- Oprah Winfrey, Bill Gates and Warren Buffet could wipe out the entire deficit by each writing one check?