President Clinton has a plan to solve our very immediate spending crisis: Do nothing. Seriously:
Former President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves.
“If they [the Republicans] said, look, that now is not the time for big tax increases to harm the recovery, they would be right,” Clinton told ABC News in an exclusive interview at the Clinton Global Initiative America conference in Chicago. “But it’s also right to say that now’s not the time for big spending cuts.”
Be like Uncle Willy, kids — never put off until tomorrow that which can be put off until the day after tomorrow. Even if it can’t be!
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