Wednesday, April 6, 2011

"Libertarian" Megan McArdle on the Budget

"I don't see how spending is going to fall in the near-to-medium term," says McArdle.

Well, uh, here's how you could cut $500 billion from the FY  2012 budget and $4 trillion over 5 years.

The "libertarian" McArdle also seems to think tax increases will be necessary:
To be sure, the Republicans do not seem to me to be in much keener touch with reality--Grover Norquist not only believes we can do it all without tax increases, but enforces that discipline on the politicians of the right.

1 comment:

  1. Seems to be one of those fashionable libertarians who likes the idea of freedom, but is pretty afraid of it. A person who can argue that we need tax increases is a person completely divorced from the libertarian mindset. It's become rather en vogue to use the moniker, unfortunately.