Wednesday, July 20, 2011

GOP defies basic math

Here is an interesting opinion piece by Matt Miller in today's Washington Post.  While a few side notes on corporate taxes and payroll taxes are a bit unpalatable, Miller's thesis is sound: Republicans are denying reality and basic math in order to preserve their own political brand in the eyes of the electorate.  His counter to the GOP is equally sound: regardless of spending, it is impossible to keep revenue at sub-Reagan-era levels while baby boomers continue to age and retire by the tens of millions.

The stark reality of an aging population has already proven itself to be problematic in Europe, where baby boomers and the elderly will soon economically outweigh the young and employed.  Across the Atlantic, however, officials, economists, and voters all realized years ago that this is a simple reality which cannot be avoided by skewing the numbers or re-framing the issue.  The danger in the United States is if the GOP - the party of "no" - continues to play ostrich, bury its head in the sand, and not face facts. If they think $14tr in debt is a fiscal crisis, they have seen nothing yet.

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