Before there is an "agreement" that gets through Congress (somewhat dubious at the moment), I thought that it would be good for me to think about what I would be satisfied with. Note, I have no hope that I will be happy with any approved bill. Given the ideologies dividing Congress, it would be impossible to imagine a bill satisfying my expectations.
First, what are the options that are reasonable, even if they will not be adopted:
a. reduce Pentagon budget big time
b. change tax code to eliminate all deductions, loop holes, and special deals and end up with three reasonable and progressive levels of taxation
c. consider a general reduction in government services by $1 trillion over 10 years
Given the state of affairs, I think that I will accept any deal that reduces $3 of government spending for $1 of new revenue.
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