De Rugy: Debt conversation brings more pointless 'tax the rich' talk

De Rugy: Debt conversation brings more pointless 'tax the rich' talk

Whenever we have a national conversation about government debt, Democrats invariably respond that spending is not the reason the debt is now nearly equal to our national GDP. The real cause of our indebtedness, they inform us, is that taxes…

No surprise that debt ceiling talks prompt pointless ‘tax-the-rich’ talk

Here’s the bottom line: Congress and the White House must reduce the deficit, and the only realistic way of doing so is by dramatically curtailing spending.

Surprise: Debt Conversation Brings More Pointless ‘Tax-the-Rich’ Talk - The American Spectator | USA News and Politics

Whenever we have a national conversation about government debt, Democrats invariably respond that spending is not the reason the debt is now nearly equal to our national GDP. The real cause of our indebtedness, they inform us, is that taxes aren’t high enough and the rich don’t pay their fair share. From increasing the marginal tax rate to more than 70 percent for higher-income earners, to taxing 100 percent of income above $1 billion, to the pr…