How The Deal Led Us To Norquist's Victory On The Deficit
When I listen to current discussions of the federal budget, the message I hear sounds like this: We’re in crisis! We must take drastic action immediately! And we must keep taxes low, if not actually cut them further! You have to wonder: If things are that serious, shouldn’t we be raising taxes, not cutting them?
It's amazing how no one was worried about the budget deficit in December 2010, including President Obama, when The Deal was struck. Krugman writes:
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