How To Balance The Budget

More

David Brooks shares his view:

My view is data based. The international evidence shows that if you want to balance the budget, something like 66 percent to 80 percent of your effort should go into cutting spending and something like a third to a fifth should consist of tax increases. If you rely on tax increases too much, you end up messing up the incentives for people who save and invest. Also spending cuts on entitlement programs have been the most enduring way to change long term fiscal trends. Cuts in other spending are too trivial to make a difference and don’t last because politicians reverse themselves.

Agreed on all counts. But can the GOP accept even this degree of compromise? And could Obama bring Pelosi along? It seems to me that next year will be the acid test of "Goodbye To All That." If wrecking America's finances was Bush's legacy, restoring them should be Obama's.

Jump to comments

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

Get Today's Top Stories in Your Inbox (preview)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down