Put down your “Taxed Enough Already” sign. You should be thanking him. Or at least doodling his name on a notebook with little hearts around it.

Obama mocks the Tea Party protests again. No big shock there. Instead of listening to valid concerns and grievances from a bi-partisan group of average Americas about the future of their country for themselves and their kids and their grandkids, Obama told a group Thursday at a fundraiser in Miami he was “amused” by the tea party protests.

People truly concerned about Obama’s deficit spending – which would include China – make him giggle.

Then, as Allapundit at HotAir put it, Obama said the “single most obnoxious soundbite he’s uttered since his immortal bitter/clinger bon mot during the campaign”:

“You would think they’d be saying thank you,” he said.

Or bowing. He’s graciously demonstrated the technique many times.

Tea Party protests, like the 10,000-plus crowd in Connecticut or the 25,000 in DC or the other 650 protests across the nation, aren’t only ignored by their President but used as a joke for a DNC fundraiser.

So what is so amusing?

Robert Samuelson at Newsweek wrote an article yesterday about America’s tax future, a future nearly guaranteed to make the current economic status and tax burden seem like the good ole days. Why? Because the out-of-control deficit spending Obama refuses to stop cannot be maintained for a nation’s prosperous future.

With only 47% of Americans paying income taxes and the first wave of baby-boomer retirements coming in 2011, the tax burden is shoving Atlas’ shoulders to the floor.

By all estimates, the budget outlook is daunting. The latest projections of the Congressional Budget Office reckon the cumulative deficits under President Obama’s policies to be $12.7 trillion from 2009 to 2020.

No, this is amusing Obama. Very funny. And we’re only getting started.

A tax increase would need to be “huge”, as Samuelson said. How big is huge?

To put things in perspective, all federal taxes (income, payroll, and excise) averaged 18.1 percent of GDP from 1970 to 2009. Under CBO’s assumptions about Obama’s policies, taxes in 2020 would already be slightly higher, at 19.6 percent of GDP. But on top of that, there’d need to be a further tax boost approaching a third to balance the budget, because spending is projected at 25.2 percent of GDP. Needless to say, this would be the largest tax burden in U.S. history, even including World War II.

But we haven’t even gotten to the “huge” part yet.

Not to balance the budget but to decrease the 25.5% of GDP spending to 2%, people in the lowest tax bracket would see their taxes increase from 10% to 15% and the highest rate of 35% would increase to 52%. For Obama to keep his repetitious and touted campaign promise of not raising taxes on people making $200,000 and under, he’ll need to raise only the top two tax rates from 33% and 35% to 86% and 91%

At those astronomical levels, the study says, the well-off and wealthy would work less and pursue aggressive tax avoidance. Tax revenues would suffer.

In other words, balancing the budget is impossible through raising taxes. You can’t raise taxes high enough to stop the indebtedness the US is now in.

That doesn’t mean Obama isn’t going to give it a hearty try.

Although he promised not to raise taxes on people making $200,000 and under, he’s broken that promise already by passing the health care mandate, which is a tax, as well as “backdoor tax increases” like the tobacco tax hike.

And he isn’t done yet.

U.S. News and World Report explained the coming taxes according to the Obama 2010 budget following his State of the Union Address in February:

Obama’s budget calls for an increases in taxes of $2.8 trillion over 10 years. This includes allowing many of the so-called Bush tax cuts to expire at the end of the current year and allowing the top rate (which often applies to small businesses as well as households and individuals) to go from 35 percent back up to 39.6 percent. And the White House is proposing–or at least forecasting–higher taxes on dividends, capital gains and other activity tied to economic growth and investment.

And today, we learn that the ‘Cap and Tax’ bill is rising once again, thanks to Democratic Senator John Kerry, Republican Senator Lindsey Graham and independent Senator Joseph Lieberman. It’s set to be unveiled at the end of the month.

The bill, a massive tax, will “skyrocket” electricity bills for everyone, Obama said. His regulations would burden coal-powered plants and natural gas plants and the expense would be “passed on to the consumers.”

Considering the current economic climate and the number of Americans out of work, as well as those who have given up even finding work, higher utility bills might be difficult to thank the President for.

“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” — Barack Obama, January 17, 2008, San Francisco Chronicle

Obama mocks tea party protests again, while feverishly working fast and furious to do everything they are forthrightly protesting which is a government driving the nation into greater deficit spending and unsustainable taxation.

That is funny, Mr. President.