The best sign that the economic engine is really repaired would be a joint plan by the White House and congressional Republicans to trim the federal budget deficit over the next 10 years. The elements of such a long-term recovery program are clear: reform and simplification of the tax code; cuts in entitlements programs; reduction in military spending to reflect a changing strategic environment. There is bipartisan support, in principle, for such moves, but in practice?
When I paid my automobile tax to the county assessor last year, it was pretty easy, but I didn’t decide that was proof that my car’s engine was running smoothly. I really have no idea how these people think other than that they have their ideas of what would be best for them and their friends on the cocktail circuit, and then write whatever the hell they think they can get away with to achieve that goal.