Looking into the Economic Abyss

by Conrad Black

From my most recent NRO article, on the debt-limit crisis: “All that is needed are deficit reductions composed of four parts spending reduction for one part revenue increase, and policies of economic growth. This essentially means cutting income taxes, raising discretionary consumption taxes, and modifying entitlements to reduce them to those people not in need of them, and to adjust them to actuarial facts that have changed in the last 65 years, especially enhanced life expectancies since the establishment of Social Security in 1935.”

 

Whether you agree or disagree, your comments are, as always, most welcome.