I wouldn't get overly excited about his spew, it may have been just another one of his gaffes. And to think, he could be 'just a heartbeat away from the presidency' - that IS frightening.
Under Obama's plan this is how things will look. Denmark appears to have a low unemployment rate, but because they spend more than 5% of their Gross Domestic Product on unemployment programs and benefits, the true unemployment rate is actually higher.
What Obama's tax calculation site doesn't show, is what tax rates will be two years from now. That's why I call it the Buy Now, Pay Later scam...