Thursday, April 14, 2011

Solving the Deficit By Doing Nothing

One thing I have to give Paul Ryan's vacuous budget plan is that at least it made a number of other players in the political arena come out with their versions of how to get rid of the deficit.  The short of it is, it's actually not nearly as difficult technically to balance the budget.  Most of the hard stuff is political.

For example, if Congress simply does nothing, the problem will by and large disappear: away go the Bush tax cuts, the Medicare "doc fix", the "AMT patch" and some more things that interest groups will not let happen.  It's not the package I would select, but I've seen a lot worse.

Read Annie Lowery's article here.

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