Despite the fantasies of the trickle-down supply-siders, there is no path to a balanced budget without tax increases. Obama openly supports a tax increase. Romney and Ryan not only oppose higher taxes but also claim they can cut taxes and balance the budget — eventually. If they win, we can look forward to more tax cuts compounding the red ink. Isn’t this what should really concern the deficit hawks?…
In a serious argument, Romney and Ryan would unapologetically make the case for the benefits of premium-support. Obama would insist there are better approaches to containing health-care costs. Such a debate might help us make progress.
But Romney and Ryan largely run away from the substance by laying heavy stress on how their plan wouldn’t affect anyone who is 55 and over. They are saying that elderly members of the Republican base don’t have to worry about a thing. But if their idea is so good, why don’t they propose it for today’s seniors and not just for younger Americans somewhere down the road?
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