"the current hand wringing about the administration’s pledge [not to raise sub-$250k tax rates] feels like a distraction…especially given that we could achieve medium term sustainability without going there."
— Jared Bernstein agrees that we can achieve neutral debt/GDP ratios without savaging middle class rates. Serious People sure love to wring hands. It’s as though they have a vested interest in the tax rates of the trans-$250k class. Oh, right.
