There is enough blame to go around for the debt, going back generations. We have now come to the point where it must be dealt with. If we not only tax the rich, but take 100% of their net worth, it still won't come close to balancing this bill. We hear about the 14 trillion in real debt, but over the next 20 years, we need in excess of 50 trillion more for "unfunded" mandates.
Bush started a program he couldn't pay for...prescription drugs. He found a couple wars that aren't paid for. Obama did away with a couple trillion that is just gone for nothing apparently.
We have a hard road ahead, no matter what they do. We will default...if not today soon. We are spending 40% over revenues. If we try and take that from the rich, we will have to define rich as everyone with income.
Ben