As I've posted here many times before, some means for increasing federal revenue is inevitable. The growing size of the annual deficits adding to our national debt cannot be solved with spending reductions alone. Look at the budget and do the math. We can complain all we wish, but before it's all over there will have to be huge spending cuts as well as some means of significantly increasing revenues. We might as well call that what it is--big tax increases.

Our unwillingness to live within our means as well as hold our elected representatives to task got us here. Now bigtime spending cuts and new taxes are the only solutions.

Do the math and pay attention to how well our debt is selling. Last week's auction was a disaster. Watch first for escalating inflation as our politicians authorize printing a lot more money. All they're hoping to do is get elected before the music stops and we all discover that there are way too few chairs.