My sense is that Ryan’s plan should include repeal of all of the Bush tax cuts. I’m not particularly interested in beating up the rich, but Ryan’s plan is too hard on the weakest, and clearly Clinton level taxes are more than bearable. That said the Democrats need to recognize that going much beyond that with revenues is not politically feasible, or ultimately desirable.
Mom says in part:
And in today’s Washington Post, (Republican) Senator Tom Coburn says it’s time to stop bickering over the little stuff and start working together–as in, with the other side and not just with the extremists in one’s own party–on the big stuff (emphasis added):
Here’s some perspective on this week’s debate: When our grotesquely obese government is borrowing $4.1?billion a day in order to function, the $29?billion gap between the House-passed continuing resolution and a possible compromise is enough to fund the government for seven days. Seven days.
What’s extreme in this debate is not our cuts but our complacency.
It’s time for politicians to tell the truth and talk in trillions, not billions. The $14.2?trillion question before us is whether discussion of our debt crisis is hyperbole and fear-mongering, or whether our debt truly is the “greatest national security threat facing our nation,” to quote Adm. Mike Mullen, chairman of the Joint Chiefs of Staff.
This question is critical because until there is a consensus in the country we will never have a consensus in Washington. There is no question that the American people are deeply concerned about spending and deficits. I’m concerned their representatives do not understand how close we are to a crisis. I’ve found great fault with my friend President Obama because this national conversation should be led from a presidential podium, not by political odd couples in the Senate. But in the absence of leadership from others in Congress or the administration, I will continue to work with any colleague from either side of the aisle who is honest about this country’s fiscal peril…