… Voters are not saying to officeholders, “Do something about the debt! Anything! Raise taxes! Cut entitlement spending! Do whatever it takes to get this problem solved. Or else we’ll throw you out of office!”
What officeholders hear from voters instead is: “Don’t you dare raise my taxes. Or cut Medicare, or Social Security. If you do, we’ll throw you out of office!”
The national debt is an establishment issue. Elites on Wall Street and in Washington worry about it. A lot. [cont.]
Bill Schneider, George Mason U. (Reuters)