The central issue of our time is the debate over the size and scope
of government. Two unpleasant but undeniable mathematical truths limit
the feasible policy choices. The recent sound and fury of the fiscal
cliff follies in the end signified nothing because the resolution was in
fact just a denial of both truths.
The first truth is that the current tax rates cannot support the promises made to middle-class Americans. The most unaffordable items in fiscal projections are Social Security for everyone and government-sponsored health care for the middle class. You cannot preserve these even with Draconian slashing of military, infrastructure, welfare, education, and other expenditures.
Read more: http://www.american.com/archive/2013/january/we-are-the-98-percent
The first truth is that the current tax rates cannot support the promises made to middle-class Americans. The most unaffordable items in fiscal projections are Social Security for everyone and government-sponsored health care for the middle class. You cannot preserve these even with Draconian slashing of military, infrastructure, welfare, education, and other expenditures.
Read more: http://www.american.com/archive/2013/january/we-are-the-98-percent
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