Jul 31, 2011

Elephants Never Remember

Rick McKee, 7/29/11:
Actually, it's "cut, cap, and balance" -- the Tea Party wants the government to stop doing some unspecified things that it's doing now, like maybe paving roads, keeping the air clean, or Medicaid, and then never again be able to raise any more money than it's getting now, no matter what happens.

And, you know, the government did spend substantially less than it took in...until 2001, when a certain President pushed through a bunch of big tax cuts, a major new entitlement (Medicare Part D), and funding for two wars. So should we just go back to the Clinton-era tax code?

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