Sin of Omission
Senator Judd Gregg (R-NH) is obsessing this morning on MSNBC over the “non-partisan” Obama administration and how scary the coming deficit is. Again, somehow the Bush administration’s deficits that did nothing for America are to viewed in cozy perspective or totally dismissed. But now we have horror show.
He talks about how foreign investors will not want to buy treasury bills because of the lack of oversight on the part of this administration.
Actually, this is what proposals for raising taxes on upper incomes is all about — paying down the deficit, letting the world know that we are serious about doing something about the deficit.