In response to:

America's True National Debt: $87 Trillion

RodT Wrote: Nov 28, 2012 12:03 PM

In the UK 2/3rds of their evil rich left when they raised taxes on them. So what is the Democrat solution to our $87 Trillion debt? Tax the rich! You might want to see how many Dems, in Congress during the Bush years voted for all that spending. I bet you'll be surprised that they all did, except those that held our for more spending. Always nice to have a scape goat, but really, no one in Congress has any intention of cutting any spending, just more taxing.

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

America's True National Debt: $87 Trillion

This piece came out in yesterday's Wall Street Journal, but its content is too important to let it glide past without sufficient amplification. Its authors are Chris Cox (a former Congressman and SEC Chairman) and Bill Archer (the former Chair of the House Ways and Means Committee). Both were members of President Clinton's bipartisan commission on tax and entitlement reform in 1994. As today's politicians bicker over the minutiae of a deal to avert the man-made disaster known as the "fiscal cliff," Cox and Archer warn that America is headed toward a far more dangerous precipice if our...

Related Tags: Entitlement Reform Fairness deficits and debt Fiscal Cliff unfunded liabilities