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Reply #18: I think our deficit should be bigger this year than it is, if our political system weren't broken [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Recursion

(1000+ posts) Send PM | Profile | Ignore

Wed Nov-03-10 01:58 AM
Response to Reply #17

18. I think our deficit should be bigger this year than it is, if our political system weren't broken

That is, this is exactly the time we need to run high deficits to pay for stimulus spending. There is a structural deficit increase every year, though, because we simply can't realistically pass high enough taxes to pay even for our non-discretionary spending. I'd love to see a much higher tax rate (that's definitely an area where I'm not "conservative") but I don't see how we could get enough people to agree to it.

But, I think we got the stimulus and deficit level we could get this year, though they should have held out and not made so much of it tax cuts (that, I think, could have been pounded through).

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