8.03.2011

When even Larry Summers is unhappy with the so-called deficit deal...

A debt deal that solves the wrong problem: Summers | Reuters

Among all the machinations ahead, two issues stand out. First, the single largest and easiest method of deficit reduction available is the nonextension of the Bush high income tax cuts. The President should make clear that he will not accept their extension on any terms hahahahahaha...

Well, OK, I elaborated a little bit there at the end. But still...

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