In response to:

The Kingdom of Fairness

rpm Wrote: Dec 06, 2012 9:32 PM
Point I make all the time. People like Buffet don't really care about income taxes--it is a miniscule part of their net worth. They really want to control the legislation and regulations so as to tilt the field towards their interests.

We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.

Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, Obama's annual deficits have never gone below $1 trillion.

Three ways to establish a long-term trajectory toward a balanced budget were under...