Andy Biggs actually said...

Obviously, a large portion of the debt that has been issued and is currently being issued by the United States is held by overseas investors...

In a weak economy, where you are facing financial instability, higher income people... have the greater ability to weather that.

the average rate of tax collection has been roughly 18 percent of GDP. Whether we like it or not, whether we think it should be higher or no...

resolving these issues in the near term helps both individuals, businesses and financial markets have confidence in the activities they are ...