No. of Recommendations: 1
The "balanced approach" doesn't work

This is just silly. You know, I could cut and paste arguments that I keep hearing about the fiscal cliff, and cut and paste arguments that were made against Bill Clinton when he proposed a balanced approach to address the deficits in the early 90s, and if we mixed them all up in a hat and pulled them out one by one, there isn't any way that we could tell which argument was used against which president. You guys haven't learned a damm thing about economics in twenty years! You were wrong then, and you are wrong now - and for precisely the same reasons.

What happened during the 2000s that took a $300 billion budget surplus and changed it into a 1.4 trillion deficit? Basically, we lowered taxes while we jacked up spending. What are we going to have to do in order to undo that damage? We need to raise taxes and cut spending. Duh. Sure it's more complex than that, but at some level and at some point, reality needs to enter into the discussion. And the cold reality is there isn't anything remotely close to a trillion dollars of spending cuts out there. If you don't know that, you don't know anything.
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