[lbo-talk] Higher Taxes Wouldn't End Some Deficits, really?

Doug Henwood dhenwood at panix.com
Thu Jan 20 09:36:46 PST 2011


On Jan 20, 2011, at 12:19 PM, Jordan Hayes wrote:


> The LA Times built a little tool to let you try your hand at making cuts and increasing taxes to see what the impact on the deficit would be.
>
> http://www.latimes.com/news/local/budget/
>
> One downside is that it only gives you knobs to change the things that are on the table (so you can't make up your own tax rate brackets), but I found it pretty easy to increase taxes and close the gap without making any spending cuts.

Hey, I made a surplus! That was fun. Raise a few taxes, let some people out of jail = $683b of black ink. The link from their auto-Twitter:


> See how I balanced the California budget @latimes lat.ms/hCyz5k



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