Wendy Sherman: “I would like to address yesterday's debate and focus on taxation. Why such a dry topic as taxation? After all, one of…”

“I would like to address yesterday's debate and focus on taxation. Why such a dry topic as taxation? After all, one of the candidates seems like a much nicer, more likeable guy. Why do we not just make him President by acclamation? Well, it seems that running the Federal Government is a little bit more complicated than just being a nice and congenial individual. First, let us talk about the cause for our prosperity. We have the longest expansion in this country's history. It has lasted so long some people take it for granted, but we should not because it arises from the combination of two very important causes; one of which is the ingenuity, the hard work and the inventiveness of the American people working in the private sector. But let us remember, Americans worked hard in the early 1980s, the late 1980s, and the early 1990s; but not until the mid-1990s did our prosperity begin to bear fruit. Why is that? Because only then was it combined with the other essential element: Federal fiscal responsibility. Responsibility at the Federal level is something this administration achieved when most of us thought it was impossible, and in doing so they have given us lower interest rates, available capital for the private sector, and a lower inflation rate.”