As Our National Debt Crisis Looms...
by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Remember David Stockman, a former Republican representative from Michigan and the director of the Office of Management and Budget from 1981 to 1985 during the first Reagan term? I caught the following at Memeorandum this morning. Mr. Stockman presents a case worth considering as he analyses both sides in the debt/deficit issue. IT is obvious that the nation’s desperate fiscal condition requires higher taxes on the middle class, not just the richest 2 percent. Likewise, entitlement reform requires means-testing the giant Social Security and Medicare programs, not merely squeezing the far smaller safety net in areas like Medicaid and food stamps. Unfortunately, in proposing tax increases only for the very rich, President Obama has denied the first of these fiscal truths, while Representative Paul D. Ryan, the chairman of the House Budget Committee, has contradicted the second by putting the entire bu...