And the closer you look, the more unprincipled the Republicans look. Earlier this year House Republicans produced a report noting that an 85%-15% split between spending cuts and tax rises was the average for successful fiscal consolidations, according to historical evidence. The White House is offering an 83%-17% split (hardly a huge distance) and a promise that none of the revenue increase will come from higher marginal rates, only from eliminating loopholes. If the Republicans were real tax reformers, they would seize this offer.
Monday, July 11, 2011
Playing Chicken with the Debt
I saw this on Rick's blog and am putting it up here too... mostly so I can point students to it in future. Good one pager from the Economist on the debt.
Subscribe to:
Post Comments (Atom)
-
ALEXANDRIA, October 23 - “ After nearly nine years, America’s war in Iraq will be over ,” President Obama said as he declared complete troo... -
The idea of Red Teaming in military and intelligence planning teams gained popularity in the wake of perceived intelligence failures over ... -
Harry Hinsley , Sir Edward Travis and Brig Tiltman, who helped negotiate the intelligence sharing agreement between Britain and the US, ...
No comments:
Post a Comment