Wednesday, November 17, 2010
Solving the budget deficit
The NY Times has a site up for addressing the budget deficit. In opposition to the usual Versailles claims about how hard it is to solve the deficit, I found it pretty easy. My proposal fixes it, essentially by returning to Clinton tax policy, taking the peace dividend, and taxing two activities with substantial negative externalities: CO2 emission and risky bank activities. I don't have to do a thing to Medicare or Medicaid. Other people with radically different political preferences don't seem to find it too hard either. Try it yourself!