Lets raise taxes on the rich!

From a fact checker with The New York Times:

Mr. Romney stated that government consumes 37 percent of the economy’s output, but that figure should be put in perspective considering that he is running to head the federal government. That 37 percent reflects the combined size of the federal, state and local governments. 

The Congressional Budget Office has reported that federal government spending alone in 2010 was equivalent to 23.8 percent of the gross domestic product, and it forecast that the percentage would be the same when final figures are in for 2011. 

Revenues coming in to the federal government are much lower — they are equal to just under 15 percent of the gross domestic product for 2010, according to the budget office, and just over 15 percent in 2011, it forecast.

No wonder that we are running a deficit!