In response to:

Agree on Goals, Guys

ScienceSquid Wrote: Dec 04, 2012 12:02 AM
"Both sides, however, already recognize the urgent need to boost revenues while simultaneously reducing expenditures. " Both sides see the urgent need to reduce expenditures? Medved is such a dupe.

The biggest obstacle to a bi-partisan deal for avoiding the fiscal cliff involves an inability to agree on specific, common goals. The underlying aim for Democrats is to close gaps between rich and poor by raising taxes on the wealthy; the deepest goal for Republicans is to slow the growth of government by cutting spending.

 

Both sides, however, already recognize the urgent need to boost revenues while simultaneously reducing expenditures. This year, government spending reached one-quarter of GDP—close to a seventy-year high—while receipts amounted to only 15.8%, close to a postwar low. Over the next decade, spending must decline to...