Mutterings and Stutterings

An unhealthy view of the world

Thursday, March 24, 2011


CONGRATULATIONS! You reduced the debt to 53% of GDP in 2018, and kept it at a sustainable level through 2030.

Congressional Republicans have abdicated all attempts at a reaching a compromise on revenue.   But it's good to know that the Wall Street Journal is at least entertaining the possibility of revenue increases.   The deduction of mortgage interest creates a perverse incentive to build ever larger houses while doing nothing to encourage home ownership for poorer individuals.

Here's the question I'd love Speaker Boehner to answer...  In exchange for doing away the mortgage interest deduction and a $.50 increase in the gas tax, what revenue neutral cuts would he propose?

Wednesday, March 23, 2011

The same problem, viewed from different perspectives, frequently yields multiple solutions.  There is no doubt that government revenues have failed to match spending for decades.  Against that, conservatives have fought tooth and nail for tax cuts.   But tax cuts without spending cuts simply drives deficits.  Why not allow taxes to be enacted by a simple majority, but require a super-majority for spending?