Re: Something for Nothing, Ctd.

by Ramesh Ponnuru

Mark, I wholeheartedly agree that it is ridiculous that we don’t know what our tax rates will be in a few days, and am not sure why you think I disagree.

Beyond that, we do have a few disagreements. Your numbers are wrong: You are confusing the summer-2011 deal over the debt limit with the spring-2011 deal over the continuing resolution to fund the government. Half of the debt-ceiling deal’s cuts come from domestic discretionary spending, which Democrats definitely do care about.

But back to agreement: As I said in the post and you also suggested, it was a mistake to make the 2001 and 2003 tax cuts temporary. And I am sure you would have driven a much harder bargain over the debt ceiling had you been in charge of congressional Republicans. But that doesn’t really help us evaluate our options now.

The Corner

The one and only.