- Nov 24, 2009
- Reaction score
- San Francisco
- Political Leaning
Here's a plan to address two of America's short term and long term challenges. Worth a read.
Excerpted from “One Nation, Two Deficits” By PETER ORSZAG, Contributing Columnist, The New York Times, Published: September 6, 2010
[SIZE="+2"]T[/SIZE]he nation faces a nasty dual deficit problem: a painful jobs deficit in the near term and an unsustainable budget deficit over the medium and long term. …
In the face of the dueling deficits, the best approach is a compromise: extend the tax cuts for two years and then end them altogether. Ideally only the middle-class tax cuts would be continued for now. …
Senate Democrats and Republicans almost never come together anymore. This month, they should fight the dual deficits rather than each other. Let’s continue the tax cuts for two years but end them for good in 2013.