Saturday, October 15, 2005

Odd policy advice

David Wessel of the Wall Street Journal writes (link to Brad Delong's excerpt):
The time has come to stop wondering if taxes are going up and instead to ask how and for whom. It is true that if the government held the line on spending, it wouldn't need much more revenue. But there are no signs that Congress or the president will do such belt-tightening -- or that the public would tolerate it....
I find this odd coming from a conservative like David Wessel. After all, it is hard to believe that Congress or the president are willing to raise taxes, as it is hard to believe that they will reduce spending. Given two equally unlikely options, why not push for the conservative option (spending cuts)?

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