Does Fix The Debt Want To Fix The Debt, Or Keep Tax Rates Low?
From Slate Articles
November 27, 2012 - 12:03pm
Here's a response to me and some others from Fix The Debt that, again, illustrates the very misleading way the group is trying to position itself:
Paul Krugman at the New York Times and
Matt Yglesias at Slate have made the claim that those who advocate for debt reduction should love the cliff. After all, it does significantly reduce the debt, sending it
below 60 percent of GDP by 2022.
We've challenged this myth in the past, as the sudden and blunt nature of deficit reduction in the fiscal cliff would have a devastating impact on the economy. It also ignores tax and entitlement reform that could minimize harm and address the future drivers of debt. For these reasons, the fiscal cliff is the second worst option, only behind kicking the can further down the road and not addressing our rising debt.
So let's be clear. I'm not saying...
Continue reading this article »
Share This Article: