The National Debt Cannot Be Erased by Tax Increases
Michael Ramirez-Creators Syndicate by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- T yranny From RIGHTNET DAILY By Robert Romano – The Obama Administration must be laboring under the delusion that the $14.3 trillion debt can somehow be paid for with tax increases. It cannot. And it would a foolish gambit to try. That is why House Majority Leader Eric Cantor and Senate Minority Whip Jon Kyl are to be commended for walking out of the Biden-led White House debt ceiling talks. “As it stands, the Democrats continue to insist that any deal must include tax increases,” said Cantor on the matter. “There is not support in the House for a tax increase, and I don’t believe now is the time to raise taxes in light of our current economic situation. Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue.” Lest there was any confusion at the White House, House Speaker John Boehner remin...