U.S. Debt Crisis Exposes Oz Behind Tax Pledge: Margaret Carlson

Republican Senator Tom Coburn of Oklahoma has quit the charade that we can simply cut our way out of the national debt. Having committed the Capitol offense of honesty, Coburn -- one of the most fiscally conservative members of Congress -- must be punished, of course. And that’s where Grover Norquist comes in.

Norquist, the founder of Americans for Tax Reform, has made it his life’s work to pressure Republican politicians into signing a pledge that they will never, ever raise taxes. He has famously said his mission is to shrink government to a “size where we can drag it into the bathroom and drown it in the bathtub.” His ultimate aim is to prevent the “Holocaust” -- his word -- that would engulf America’s persecuted wealthy if their taxes were raised.