Financial Mess

Just heard Chris, Democratic apologist, on TV say that once the Bush tax cuts go away the national debt will start receding. I had to make note of that somewhere, so I wouldn't forget it. I can't believe that anyone seriously believes that higher taxes alone will bring a reduction of our national debt, so it is okay to borrow another trillion dollars. The only problem is that in three months we will need to borrow another trillion. At this rate in another five years the interest alone on our national debt will equal our GDP.