Someone commented on the WSJ editorial, “A Deficit of Nerve : Obama’s commission has ideas that Republicans can use,” saying that many of the proposed budget cuts will kill people. My response:
Not making those cuts will kill people, too. Millions of lives could be at stake.
If we now have the histronics out of the way, maybe we can get down to serious discussion.
I agree with the editorial writers that there is much in the draft outline to build on. They makes the point that Canada doesn’t have a home mortgage interest deduction, yet has a higher rate of home ownership than we have. If this deduction can’t be zeroed out, I don’t know why it shouldn’t be reduced to say, $100,000 instead of the $500,000 suggested in the commission’s draft.
I also wish the commission had tackled the issue of health care reform. But it seems there were some taboo topics. According to the editorial:
More egregiously, the chairmen tiptoe around ObamaCare, which has led some on the right and left to claim that the commission is essentially endorsing the largest new entitlement in 40 years. We’re told the chairmen mostly dodged the subject because Democrats on the commission made that a nonnegotiable demand. A truly bold report would consider Congressman Paul Ryan’s model to make Medicare a defined contribution program. Instead, the chairmen settle for the familiar likes of “payment reforms,” which never work because of Medicare’s flawed political price-control model.
On that subject I posted the following comment:
Back in April, when setting up this commission, President Obama said everything needs to be on the table. But now we learn that the Democrats on the commission wouldn’t allow any health care reforms to be put on the table. It was non-negotiable. If they couldn’t accept the job they were commissioned to do, shouldn’t they have declined to serve on the commission, or if it was too late for that, resigned?
On the subject of taxes, I’m surprised they want to make our tax system more regressive by increasing the social security tax, of all taxes.
But there is one other item that would do more to reduce the budget deficit than any of their other proposals. Term limits would bring under control the budget distortions brought about by the power of incumbency. These limits wouldn’t need to be severe term limits to be effective.
We need a slogan: No justice, no peace.
Oops. Wrong slogan. It should be: No term limits, no tax hikes.
I’d say that if we eliminate ag subsidies (aka the root of all evil), zero out funding for NPR, and get a constitutional amendment to institute term limits for Congress, then we can think about a tax increase to get us out of our hole. If members of Congress are term-limited, we will have a better basis for trusting that they might really use new revenues for deficit reduction. Otherewise, that part should be just as non-negotiable as the Democrats’ refusal to reform our health care system.