Further deep cuts may slow the economy but structural reform of the entitlement programs are desperately needed to keep America solvent in the long term. Remember when everyone said that the Healthcare Bill was just the beginning, that additions and changes would be needed to implement the cost-savings and efficiency gains parts? Well, here we go. This isn’t a loss for a Democratic budget, this is a potential coup for ensuring the durability of healthcare reform.
Oh, but while you’re up there, Mr. President, let’s put the Bush tax cuts back on the table. This doesn’t mean you get a pass for being a crappy bargainer.
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