How to really balance the budget

Ezra Klein has a perceptive analysis of the “failure” of the Supercommittee. If the Republicans continue to say “no” to everything President Obama proposes, the result will be a big tax increase in January 2013 when the Bush tax cuts expire and automatic cuts in both defense and social spending. The budget will be balanced, and we can then have a discussion about what services our government should provide.

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