The New Normal
Balanced
0 Total Slants
Slant this
Slant Totals
0 Left 0 Centered 0 RightWe’re going to be doing a lot of deficit cutting over the next several years. The country’s future greatness will be shaped by whether we cut wisely or stupidly. So we should probably come up with a few sensible principles to guide us as we cut. The first one, as I tried to argue last week, is: Make Everybody Hurt. The sacrifice should be spread widely and fairly. A second austerity principle is this: Trim from the old to invest in the young. We should adjust pension promise...