Wednesday, December 26, 2012

"Starve the beast" hasn't worked.  It's time to "Present the check." - I like this post by Veronique de Rugy: "A little symbolism to fight fiscal denial."  She links to a Tyler Cowen piece that proposes a very small increase in taxes for everyone to go along with the tax hikes on the rich so beloved by this President.

After all, if Americans want to have a government spending at the unprecedented (peacetime) level of >25% of GDP, why not pay for it instead of pretending that a handful of "millionaires and billionaires" will cover the tab?  And why we're even talking about avoiding the less-than-painful sequester cuts is beyond my ken.

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