I'm feeling pretty guilty. I hadn't known I was causing billionaires so much suffering. The former co-chair of President Obama's deficit (a.k.a. catfood) commission just asked me during a public event to stop going after rich people. Then he came up to me after the event to make sure I'd gotten the point. He seemed truly worried about it.
This was a panel discussion at the University of Virginia. The panelists were Simpson, David Walker (former U.S. comptroller, former partner and global managing director of Arthur Andersen, and longtime deficit hysteric), moderator Larry Sabato, and odd-man-out Dean Baker (co-director of the Center for Economic and Policy Research). I say odd-man-out about Baker because Sabato introduced the panelists as all agreeing about things that only Sabato, Simpson, and Walker seemed to agree on (and I'm including the audience when I say that). Sabato declared the national debt the biggest crisis of our lifetimes and claimed that "no foreign country can ever do to us what we're doing to ourselves" by going into debt.
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