"Tax Cuts" Are Now Known as "Spending Reductions"

Say what??  This report on the president's speech contains some interesting language:

The president also called for undoing the Bush tax cuts for upper-income taxpayers, and for canceling other tax cuts many of them receive such as the mortgage interest deduction — which he called “spending reductions in the tax code.”

You need to wrap your head around what this language really means. It means that Obama considers every dime you earn to belong to the government and anything you keep to be government spending. Consequently, eliminating tax cuts will decrease "spending reductions in the tax code". It's outrageous, but totally in keeping with his socialist leanings.