My question for the presidential candidates: 'Who has the guts to admit we're broke?'
The GOP presidential candidates are in Las Vegas for a CNN debate tonight at 5 p.m.
While there are many questions worth asking the Republican candidates - and the current president - this is mine: Who will admit that the way our country's spending money is unsustainable, and what are you going to do about it? Note: If your answer doesn't involve reforming Social Security, Medicaid and Medicare, we both know your answer is worthless.
If you'll notice, my question contains an assumption - that the way the federal government spends money isn't sustainable - to be blunt, we're broke! Unfortunately, that assumption is the truth: Our current spending path is unsustainable.
And if your answer is "taxing the wealthy," I have some bad news - to maintain our current spending path, we'd have to raise income taxes on the top two tax brackets to 206 percent and 233 percent. Give me a second to consult the Laffer curve - oh, wait - that's not going to work.
Fortunately, believers in limited government have offered concrete plans on how to fix Washington's out-of-control spending - from Heritage's Saving the American Dream plan to Paul Ryan's Roadmap for American's Future plan.
Fiscal conservatives and libertarians have the plans to fix this mess - actual concrete ideas - what I want to know is this: Which presidential candidate will have the courage to support them?
