6/22/11

Just parking this to refer to at a later point

If we do nothing, on the other hand, the budget deficit shrinks a lot. As Annie Lowrey recently explained, “[D]oing nothing allows all kinds of fiscal changes that politicians generally abhor to take effect automatically.” David Leonhardt added, “As federal law currently stands, some significant tax increases are set to take effect in coming years.” 
This isn’t popular to say, but if policymakers simply leave the status quo in place, and let nature take its course, taxes will return to Clinton-era rates, the Affordable Care Act will save us a lot of money, and the deficit will shrink considerably. | Benen |

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