Many of the politicians in Washington, including President Obama during his State of the Union address, piously tell us that there is no way to balance the budget without tax increases. Trying to get rid of red ink without higher taxes, they tell us, would require “savage” and “draconian” budget cuts.
I would like to slash the budget and free up resources for private-sector growth, so that sounds good to me. But what’s the truth?
The Congressional Budget Office has just released its 10-year projections for the budget, so I crunched the numbers to determine what it would take to balance the budget without tax hikes. Much to nobody’s surprise, the politicians are not telling the truth.
Los muchachos de CATO se pusieron con un Excelcito a masticar números oficiales y encontraron una estrategia sencilla para reducir el déficit. Por supuesto, no les van a dar bolilla porque la solución no les entra en la retórica. Pero los números están ahí.
¿Bajar el gasto? Ahora cuenten uno de gallegos.
ReplyDelete