Regarding Dr. Schwab’s column, “The unfailing belief in tax cuts and other head-scratchers,” maybe it should be stated differently.
Something along the lines of cutting spending. With about $19 trillion in immediate debt and over $90 trillion in unfunded mandates, Medicare and such, isn’t it about time to pull in one’s horns? If we ever get back up to 10 percent plus in interest rates we will understand immediately what Greece has been going through.
Tax cuts and cutting spending are meant to starve the beast of government at all levels. Certainly there will be enough to support those, the indigent and frail, who cannot fend for themselves. But the able-bodied will be getting off their keisters and turning, too.
You can stop your head scratching at any time.