I'm certainly not picking on The Skeptical Optimist, who has a rather sensible view of the deficit. But I am picking on "deficit hawks" who want to attack the deficit by raising taxes. All that does is lend an air of legitimacy to the government's confiscation of resources through spending.
Tuesday, April 25, 2006
. . . as I've explained many times, most recently here. The Skeptical Optimist has a rosy outlook because his focus is on near-term prospects for eliminating the deficit. But look at the following chart (and ignore the revenue line).