(P) Over the past couple years, Democratic President Barack Obama has argued that the deficit is a serious problem of an urgent nature. To address the presented problem, the Administration has created a fiscal responsibility commission and advocated various approaches like tax cuts, wage freezes, health insurance exchanges, increased out of pocket costs, and so forth. However, the President's budgets haven't actually proposed that revenue equal expenses. After all, the tax cuts, bank bailouts, and military spending have all increased the deficit.
Republican Representative Paul Ryan has also argued that the deficit is a serious problem of an urgent nature. To address the presented problem, he has proposed a budget that advocates various policy options like tax cuts, wage freezes, health insurance exchanges, increased out of pocket costs, and so forth. However, Representative Ryan's budget doesn't actually show how revenue will equal expenses. After all, an actual budget shows not just how much revenue and expenses are projected, but also, what those sources of revenue and expenses are planned to be.
So, uh, what's this about Moments of Truth and Serious Debate and whatnot?
It sounds like we're not even talking about solutions to the purported problem, let alone exchanging ideas about different kinds of solutions.
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