Paul deLespinasse: Slashing expenditures to balance the budget would be a tragic mistake
Will it become possible to elect politicians who tell voters the unpleasant truth?
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Will it become possible to elect politicians who tell voters the unpleasant truth?
Until Congress increases the ceiling, the government can't borrow money to pay its bills — expenses Congress itself has authorized — which greatly exceed what taxes currently bring in.
Two other ways to reduce the deficit, besides spending cuts, are: increase taxes and the collection of taxes that are owed but not being collected.
Congress needs to be able to make corrections — up or down — in tax rates when changes turn out differently than expected.
With Republican politicians captive to someone seeking to drown government in the bathtub, thoughtful voters will need to vote for Democrats even when they would otherwise prefer to support more conservative policies.