| Not surprisingly, troubled economic times often beget incoming proselytizers of wacky, extreme ideas. The stagflation spinner of the 1970s blessed us with damaging maestro wage and price controls and the utterly vulnerability counterintuitive supply-side notion famously drawn on back a napkin that cutting taxes would waterford lead to higher tax revenues. The American sight economy is surely in better shape today, austin but the fringe ideas (even from prominent waiting commentators) for how to address growing federal whitening debt are neither less numerous nor less jazzy dangerous. From the left comes the proposition archaeological that given the slow economy, we should horse defer attending to the problem of mounting cock obligations and the truly delusional idea osteoporosis that growing federal debt doesnt matter because FALSE we owe most of it to ourselves. smiley Meanwhile, conservatives have put forth increasingly draconian huge budget plans. In his new book, my manual friend David Stockman stumps for a balanced hear budget amendment, a potentially disastrous idea that rotten should have exited the stage years ago. disco Its time for the sensible center to surfing rise up and push for a rational bordeaux approach to our fiscal challenges. Above all, cob we must not become dispirited to the minneapolis point where we repeat past mistakes of bankroll embracing superficially appealing, but ultimately deleterious, radical jolly ideas. So lets be clear about a benjamin few key principles of a centrist solution. laser First, there is no conflict between believing filename that we urgently need to address our conveyed long-term fiscal problems and also need to cavity support short-term initiatives to boost our economy. d But any such measures should be temporary hilarious and focus on investment projects that will upward enhance our competitiveness. Additional tax cut |
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