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Many economists, including some who voted for Obama, do not believe that he can indefinitely avoid imposing tax increases much further down the income scale -- on the middle class.

"You just simply can't tax the rich enough to make this all up," said Martin A. Sullivan, a former economic aide in the Reagan administration who said he backed Obama last fall.

"Especially just for getting the budget to a sustainable level, there needs to be a broad-based tax increase," said Sullivan, now a contributing editor at Tax Analysts publications. "If you want to do healthcare on top of that, almost certainly, it just makes [a middle-class tax increase] all the more certain."

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And toss a little "cap-and-trade" on top of that, and whoa Nellie, the sky is the limit when it comes to the taxation necessary to support all of that.

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