Deficit Reduction Non-Starter
I'm not going to do the blog equivalent of spilling any ink over the Bowles-Simpson plan to reduce the deficit. It has some interesting suggestions, but it's a political non-starter. And basically because it's just the chairman's report and it's completely non-binding in Congress, the whole thing has been one long effort in futility. It's not a question of whether liberals should dismiss it out of hand or whether the plan even makes sense, but simply an acknowledgment that neither political party has the stomach to do anything about deficits, long-, medium-, or short-term. And that's exactly a reflection of what the American people want- same or more government services for less and less taxes. Serious proposals, however flawed, are useless in a world of incoherent magical thinking.