Deficit Delusion

There’s a growing consensus about the causes of budget deficits and the national debt. And that’s the problem.   At present, members of the Left claim that higher rates of taxation levied on the rich are the fix, members of the Right call for a combination of spending cuts, tax increases and entitlement reform, while supply siders confidently assert that the path out of debt is tax cuts that will shower the Treasury with higher tax revenues borne of soaring economic growth. The solutions fl