Too little room. See my Facebook comment, RE: Patrick Buchanan: “Who’s Afraid of the Fiscal Cliff?”
The moral and constitutional arguments are as important, and really more important than the prudential economic ones.
"The argument from prudence has its place in the tax debates. The question whether a tax increase or a certain level or form of taxes will help or harm most people is a legitimate question. But it is a debate that distracts from the fundamental moral and constitutional argument. ..."