When liberals in the media or in politics start being alarmed about the national debt, it means just one thing: They want higher taxes. The thought of reducing spending would never cross their minds. As we are endlessly reminded, the federal government's debt has reached record levels during the Bush administration. That enables the liberal media to use their favorite word -- "crisis" -- and adds urgency to doing their favorite thing, raising taxes. Since we have a larger population than ever and a larger national income than ever, it should hardly be surprising that we also have a larger...