Len Burman is just full of good cheer at TaxVox as he evaluates the latest edition of the CBO's "The Long-Term Budget Outlook":
Translation: big tax increases or spending cuts right now would be a bad idea given the fragile state of the economy, but committing to serious debt reduction that will take effect once the economy has recovered is urgent if we are to avoid a budget catastrophe.
If you find anybody in charge acting "serious" or doing anything "urgent," let me know.
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