There is much talk demanding Republicans compromise on the debt-ceiling issue. Democrats want tax increases to cure what ails the United States' economic woes. Balderdash. We have a spending problem, not a revenue problem.
When has giving the federal government more money resulted in reduced debt? When Congress receives more money, it spends it on vote-buying gimmicks, not debt reduction. The only way to reduce the U.S. debt is to dramatically stop the spending.
Democrats promised President Ronald Reagan they would cut spending if he would raise taxes. He did; they lied. The Democrats promised President George H.W. Bush that they would cut spending if he would raise taxes. Remember "Read my lips. No new taxes"? He raised them, they lied, and he lost the next election to Bill Clinton.
OK, Charlie Brown. I'll hold the football, and you run up and kick it. Thump. How many times will the Republicans run up and try to kick a football that a lying Lucy Van Pelt is holding?
George W. Bush didn't listen to them, and the Democrats are now howling about the tax cuts for the billionaires and millionaires who make more than $250,000. Obama is not only demanding the end to the Bush-era tax cuts, but also a $2.5 trillion increase in the debt limit. That would carry him through the 2012 election as he doesn't want the debt crisis to be an election issue. Too bad.
The answer: spending cuts.
Richard W. Walker