Debt and Deceit

One of the more brazen attacks leveled against Mitt Romney in these last weeks before the presidential election is that his economic proposals are reckless and irresponsible. President Obama has repeatedly claimed that his opponent, rather than follow his dignified example and demand that wealthier Americans "pay their fair share," will instead cut their taxes by $5 trillion -- and that the only mystery is whether the governor will make the sacrosanct Middle Class pay the balance or add it to the national debt. Incidentally, $5 trillion happens to be not only the amount the presidential candidate could possibly add to the debt, but the amount the sitting president has already added. Yet somehow, speculation on what the challenger would do will trump what the incumbent seeking reelection has actually done. When he began his presidency, Obama pledged "to cut the deficit we inherited by half by the end of [his] first term in office." He had no plan explaining how he would accomplish...(Read Full Post)