As a matter of policy, increasing taxes on the most economically productive group, which already generates 60 percent of the nation's federal revenues, during a sustained period of economic doldrums is a wretched idea.
John PodhoretzThe United States established itself as a trustworthy new nation in its first two decades after the Revolutionary War by paying its debts, even when many in the country believed it had no obligation to do so. Alexander Hamilton, the founder of this newspaper, insisted on it.
John PodhoretzThe problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.
John PodhoretzObama's presidency hasn't been dedicated to achieving economic growth in the short term, or about creating jobs.
John Podhoretz