I was reading this post from Andrew Sullivan today when this caught my attention and prompted the email I have copy and pasted below the quote: The committee failed; the elections loomed. Ezra’s right, I think, to see the elections as an endorsement of a mixed approach: raise revenues, reform taxes, and cut entitlements. Now some revenues have been raised – but only because without some modest concessions from the GOP, even more revenues would have been raised, tipping the economy into recession. But the implemented tax hikes, as the GOP has consistently and rightly argued, are nowhere near enough to tackle the debt. So we still do need real spending cuts in the medium and long run, especially in Medicare, and we do need defense cuts, to reduce a military-industrial complex now costing twice as much as it did a decade ago; and we desperately need tax reform and simplification. In that last option – tax reform and simplification – lies the least damaging way to raise essential reve...
Not the blog you deserve, but the one you need right now