Why Taxing the “Rich” and Gutting Medicaid Are Not Enough

Former Reagan finance guy David Stockman makes the case for facing reality, however painful,  here.  Key quote:

Washington’s feckless drift into class war is based on the illusion that we have endless time to put our fiscal house in order. This has instilled a terrible budgetary habit whereby politicians continuously duck concrete but politically painful near-term savings in favor of gimmicks like freezes, caps and block grants that push purely paper cuts into the distant, foggy future.

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