Wednesday, July 27, 2011

"Moment of Truth"

Our Financial Advisors sent us a newsletter with a lot of information on the whole Federal Debt/Debt Ceiling fiasco.  It included a link to The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform.

I can get behind most of their recommendations, although I think we need to aim higher (or lower, depending on your POV) than a "mere" $4 Trillion reduction in debt by 2020.

OTOH, I'm leery of any suggestion that tax rates should be "more progressive", even if rates overall are reduced, and the phrases "increase progressivity/more progressive" keep popping up.

Increase the gasoline tax fifteen cents?  Are you mad?

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