Deficit commission's shortcomings | Arkansas Blog

Friday, November 12, 2010

Deficit commission's shortcomings

Posted By on Fri, Nov 12, 2010 at 6:13 AM

Paul Krugman says the deficit-commission was stacked rightward from the start and the results show, with tax cuts for the wealthy and tax increases (through the loss of such popular deductions as home mortgage interest) for the middle class. Tax cuts, indeed, are a higher priority on the group's draft proposals than deficit reduction, he notes. There's also the matter that a big portion of the prediction for balancing the budget rests on reducing the growth in health care costs. How will they do that? No ideas offered yet, but I can guess. Government cuts more people adrift.

On the other end of the spectrum,
tea party types don't like the plan because it includes tax increases.

File this away under gridlock, sounds like.

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