Thursday, January 3, 2013

California did it; so can D.C.

Los Angeles Times (Opinion)
Congress may have avoided certain disaster on Tuesday, but the plan that was passed does little to get the country back to a functional system of budgeting that doesn't involve chronic deficits. So what would that take? Republicans will have to recognize that raising taxes on high-income earners is a necessity. Democrats will need to agree to budget cuts and entitlement savings. That may sound impossible, but recent history demonstrates it isn't. In California, just four years ago, despite fervent partisanship the equal of that in Washington today, the Legislature made just such compromises.