10:51:06 pm on January 27, 2010 |
Finally a few sensible words about the source of the deficit—tax cuts, war, deep recession. What took so long?
But then he pivots, as the pundits like to say, toward deficit reduction. Ronnie’s spectre is quick to re-assert itself.
I’ve done the math. Cut the military by a third—which would take it back to 2000 levels, relative to GDP—and sprinkle, not soak, the rich, and the deficit will go away. But we can’t say that, much less do it.