Monday, October 15, 2012

deficit delusions

Russell Long, longtime Senator from Louisiana, summed up the American attitude toward taxation as, "Don't tax you, don't tax me, tax that fellow behind a tree." The same attitude applies to cutting federal programs in order to reduce the deficit. A new Pew poll not surprisingly finds that  the only changes approved by a majority of those surveyed are taxes on incomes over $250,000 and limiting the tax deductions for large corporations. Reducing funds for defense, science, education and the poor all get majority disapproval.

The only way around such views, I think, is a package of revenue increases and spending cuts that's big enough to make a difference, but with particular items small enough to be tolerable.

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