»Read my lips. More new taxes

Advice delivered from the stoop to the newly-elected President:

One lesson yet unlearned involved the nation's growing debt. Through the eighties the United States had been unwilling to take action to reduce its rising debt. If the U.S. Government had placed a tax of one trillion dollars on wealth of Americans before the crash and designated half of that trillion dollars to reduce the national debt, Americans would have been outraged. Yet the markets, in their brutal, inexorable fashion, had taken exactly that action and confiscated half a trillion dollars in national wealth. And the debt still remained.