July 27, 2011

RAND SIMBERG: Lies, Damned Lies, and Revenue Enhancements. “In short, the Democrats’ ‘progressive’ class-warfare nostrums depress revenue as they increase government spending, while the solution is to actually increase revenue and reduce spending by moving to a flatter system in which everyone has a stake. This is the battle that the Republicans seem to be winning for the moment, but only because we are on the verge of fiscal catastrophe. If this really is their Gettysburg moment, they shouldn’t let up now.”