海角大神

Of course, it didn鈥檛 pay for Bush spending policy, either, but the point is there鈥檚 even more of a disconnect between the revenues raised under the Obama-proposed Bush tax policy extended and projected Obama-proposed spending.

This video clip from CNN鈥檚 IOUSA Solutions special (simply titled and featuring me on the panel and my boss Bob Bixby in the film) makes this simple point: There鈥檚 a huge gap between spending and revenues, and no one solution, and in fact no 鈥渟imple鈥� solution (such as trimming only the defense budget or cutting only 鈥渨aste, fraud and abuse鈥�) will suffice. And on the eve of the dreaded 鈥�Tax Day鈥�, this should remind us that revenues, i.e., Taxes, will (unfortunately) have to come up. But again, as only one part of the not-so-easy solution.

(Oh, and by the way, despite , I do think that gap between spending and revenues is still 鈥渉uge鈥濃�揺ven if it turns out to be 鈥渙nly鈥� $1.3 trillion and not the Administration鈥檚 originally forecasted $1.6 trillion. That was yet another way in which the Obama Administration seems to be continuing the federal budget practice of the prior Administration in ways I just don鈥檛 鈥済et.鈥�)

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