Debt

The U.S. Has a Taxing and Spending Problem, Not Just Spending

Jul 13th, 2011 | By | Category: Debt

Ezra Klein writes, “‘We have a spending problem, not a taxing problem,’ Republicans say. If the federal government defaults on Aug. 2, that sentence will be to blame. What a shame, then, that the sentence is entirely, obviously, wrong. ‘I’m an ‘and’ guy, not an ‘or’ guy,’ says Donald Marron, who served as an economist [...]