close_menu
Latest News

Weekdays at 12noon on AM 770 KTTH

Michael Medved

Agree on Goals, Guys

The biggest obstacle to a bi-partisan deal for avoiding the fiscal cliff involves an inability to agree on specific, common goals. The underlying aim for Democrats is to close gaps between rich and poor by raising taxes on the wealthy; the deepest goal for Republicans is to slow the growth of government by cutting spending.

Both sides, however, already recognize the urgent need to boost revenues while simultaneously reducing expenditures. This year, government spending reached one-quarter of GDP—close to a seventy-year high—while receipts amounted to only 15.8%, close to a postwar low. Over the next decade, spending must decline to its Bush-era average of 20%, while revenue returns to its Clinton-era average, 19%. If the two parties could agree on these or similar numbers, they could begin to work together to fill in the details.

The Michael Medved Show on AM 770 KTTH

Listen to Michael Medved every weekday at noon on Seattle's AM 770 KTTH.

Comments

comments powered by Disqus
close_menu
Latest News