The Nov. 27 Wall Street Journal had a truly frightening column on the national debt, written by two men who served on President Bill Clinton's Bipartisan Commission on Entitlement and Tax Reform. Their main points were:
It seems clear that entitlement reform is the only way to rein in runaway annual deficits and ever-increasing national debt, but what is the Democrats' position? Recent editions of this newspaper, as well as the New York Times and Washington Post, noted that many, if not most, Democrats opposed almost any changes to entitlement programs.
Other than Obama's obsession with raising taxes on the "rich" (who are already paying their fair share and then some), what is the Democrats' specific debt-reduction plan? I doubt they have one or even care.
Hilton Head Island