December 4, 2007

Where's Option B?

Congress has little courage in an election year. The Los Angeles Times reaches this startling conclusion today in a report on the prospects for fiscal responsibility in 2008. With all of Congress, a third of the Senate, and the White House up for grabs, it looks like pandering will take the place of discipline, to no one’s great shock.

Fiscal responsibility means more than just jacking up taxes to match an increased spending level, as the Democrats believe. It’s more than just the Republican plan of cutting taxes, too, although that’s at least a start in the right direction. At Heading Right, I explain the option that Congress and the media have forgotten, and one on which voters must insist in the next election.


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