Any “debt-reduction plan” that doesn’t address at least $1.3 trillion a year is, in fact, a debt-increase plan.So what's the scale of "ponying up"? It's there in the piece: every tax of every kind needs to go up by half, assuming we can prevent entitlements from growing any larger than they are today. Which, of course, we cannot do.
So given that the ruling party will not permit spending cuts, what should Republicans do? If I were John Boehner, I’d say: “Clearly there’s no mandate for small government in the election results. So, if you milquetoast pantywaist sad-sack excuses for the sorriest bunch of so-called Americans who ever lived want to vote for Swede-sized statism, it’s time to pony up.”
Okay, he might want to focus-group it first. But that fundamental dishonesty is the heart of the crisis. You cannot simultaneously enjoy American-sized taxes and European-sized government. One or the other has to go.
The Party of Big Taxes
Which party? The Republican Party, or so advises Mark Steyn:
By Grim on Saturday, December 01, 2012