Tuesday, July 12, 2011

Deals Will Be Broken

It's not that there's nothing that can be done to influence like future outcomes, but the fact remains that no amount of "responsible" actions by lawmakers today can prevent the lawmakers of tomorrow from cutting taxes. This, you know, happened not that long ago. It was cheered on by deficit obsessed Villagers who, like all deficit peacocks, don't actually care about the deficit but instead care about their top marginal tax rate and their future aspirational top marginal tax rate.