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

Democrats say spending is not the reason the U.S. debt is nearly equal to our national GDP.

David Rothkopf: Trying to reduce the deficit by raising taxes on the rich is unfair and ineffective.

He says we know how to get our debt under control; countries that successfully reduce their debt-to-GDP ratio adopt fiscal-adjustment packages that consist mostly of spending restraints.

Rothpf: Congress and the White House must reduce deficit, and the only realistic way of doing so is curtailing spending.

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