Tuesday, July 26, 2011

The simple solution to smaller deficits

Stop gutting revenue by enacting very regressive tax cuts. Let's look at the numbers in chart form since I think it helps me to visualize things.


The Bush tax cuts are bigger than everything Obama has done to add to the deficit. So if Republicans didn't live in tax fantasy land and Democrats had the guts to stop extending them we wouldn't have such large deficits and thus we probably wouldn't be having to go through this debt ceiling nonsense. Even though I will probably hate whatever deal gets passed, I'll be happy when these negotiations are over. Tolerating this much bullshit for this long is not healthy.

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