Monday, December 6, 2010
So I read this article in the NY Times (and also in many other papers) about how a compromise was near to extend unemployment in exchange for extending tax cuts. This is part of th story of why we have huge deficits; we have an inability to make cuts or raise taxes and when the two parties say that they are ready to do either (i.e. make cuts or raise taxes), the other will not. So, now we do neither when we should do both.