The Coming Entitlement Tsunami | Michael D. Tanner | Cato Institute: Commentary

The Coming Entitlement Tsunami | Michael D. Tanner | Cato Institute: Commentary: "If we really wanted to pay for the amount of spending to come, we would have to raise both the corporate tax rate and top income tax rate from their current 35 percent to 88 percent, the current 25 percent tax rate for middle-income workers to 63 percent, and the 10 percent tax bracket for low-income workers to 25 percent."

That is amazing! But who wants to take the hit of cutting spending when it can be left for the next guy?