Robert Samuelson on the Politics of Avoidance

Another post for Webb. Here’s an excerpt:

Our political culture prefers delusion to candor. Liberals would solve the budget problem by taxing the rich and cutting defense. Think again. The richest 5 percent already pay about 45 percent of federal taxes; they may pay more but not enough to balance the budget. Defense spending constitutes a fifth of federal spending; projected deficits over the next decade are similar. We won’t shut the Pentagon. Republicans and tea partiers think that eliminating “wasteful spending” would allow more tax cuts. Dream on. The major spending programs, Social Security and Medicare, are wildly popular with roughly 50 million beneficiaries.

Comments

  1. Jonathan Webb says

    Great quote,big Samuelson fan. Thanks.

    We're back in the game baby!

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