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View Diary: There is no longer any reason for the debt ceiling to exist (36 comments)

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  •  Depending on what you mean by "in this (1+ / 0-)
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    cycle," I think we could certainly decrease the deficit by increasing taxes...all the emphasis on spending ignores the fact that present deficits were created by cutting taxes (while at the same time going to war). Decreasing "defense" spending and raising taxes on the top 10% are good ideas, even in "this cycle" (assuming you mean the next ten years).

    "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

    by Alice in Florida on Tue May 17, 2011 at 07:31:33 AM PDT

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