While the media is buzzing about the oil spill and President Obama’s embarrassing performance at his first press conference in nearly a year yesterday, this little gem of a news story appeared: Hillary Clinton thinks taxes aren’t high enough.

Hillary went on to say that America should be more like Brazil. (Brazil’s economy is ranked 113th in the world, according to the Heritage Foundation.) When you think of “economic powerhouse,” of course the first country that comes to mind is America China Brazil. Hillary’s comments:

The rich are not paying their fair share in any nation that is facing the kind of employment issues (the United States is), whether it’s individual, corporate, whatever the taxation forms are.

Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — it’s growing like crazy*. And the rich are getting richer, but they’re pulling people out of poverty … There is a certain formula there that used to work for us until we abandoned it, to our regret in my opinion.

* Brazil’s economy is “growing like crazy” because they received a “bailout” from the International Monetary Fund, a convenient fact Hillary left out of her rousing speech.

Hillary’s solution to the ballooning debt – a ballooning debt with no end in sight – is to raise taxes. Young generations such as our own will be responsible for getting America’s financial house in order, and a tax hike will make things worse for us young people, not better.