So, what hard choices could be made to avert a government debt crisis, at least in America? Rep. Barney Frank, who attended the Davos session as one of the selected "challengers" for the three presenters, called for large cuts in defense spending as well as tax increases -- particularly on wealthy Davos types. "I think almost every American here pays much less in taxes than you ought to. I'm going to go back and try to raise the taxes of most of the people who attended here," Frank vowed.I like that. You don't hear Frank talking like that very much on American TV.
Sunday, January 31, 2010
Cut War Spending, Raise Taxes on the Wealthy
At Davos, there was this exchange:
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