EDITORIAL: Blame game doesn’t help solve debt problem
The
The problem, the nonpartisan
As the CBO puts it, "taxpayers shifted more income than projected from 2016 to later years, expecting legislation to reduce tax rates."
There's no reason to doubt this is true, but it's wrong to scapegoat law-abiding taxpayers when the finger should be pointed directly at
And it is a sad statement about our country's finances that people "failing" to sell stocks or real property has pushed us to the brink of a disaster, one that could lead to a spike in interest rates or stock market collapse, among other problems.
The CBO says revenue is about 3 percent off forecasts. That's a lot of money --
For a
We understand government isn't like business or personal finance, but the comparison isn't completely unfair. It is ridiculous
The usual solution to the cash flow problem is for
Kudos to Mnuchin for not giving a specific date. That would give lawmakers a way to bicker about tax hikes and spending cuts until the last minute, and then raise the limit just in the nick of time.
We'd prefer to see
Better that than borrowing a little more time and burrowing deeper into the red.
Editorials are the opinion of the Union-Bulletin's Editorial Board. The board is composed of
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