Legal Commentary

Balancing The Budget By Cutting Taxes For The Rich

By Big Tent Democrat

Krugman:

OK, let’s say goodbye to the deficit commission. If you’re sincerely worried about the US fiscal future — and there’s good reason to be — you don’t propose a plan that involves large cuts in income taxes. Even if those cuts are offset by supposed elimination of tax breaks elsewhere, balancing the budget is hard enough without giving out a lot of goodies — goodies that fairly obviously, even without having the details, would go largely to the very affluent.

Most of us knew the Catfood Commission was a Clown Show. This makes it official.

Speaking for me only

Full post as published by TalkLeft on November 10, 2010 (boomark / email).