(CNN) – Words in Washington are important. President Obama and the Democrats always say that "millionaires and billionaires" can afford to pay higher taxes, especially when spending cuts will impact middle class families and the elderly. Given the nation's high unemployment, House Speaker John Boehner and the Republicans counter by always saying that this is no time to increase taxes on "job creators."
You won't be surprised to find out that politicians on both sides are exaggerating.FULL STORY
Watch The Situation Room with Wolf Blitzer weekdays at 4pm to 6pm ET and Saturdays at 6pm ET. For the latest from The Situation Room click here.