Glenn Hubbard: It's Still Possible to Cut Spending—Here's How - WSJ.com

Glenn Hubbard: It's Still Possible to Cut Spending—Here's How - WSJ.com: "President Obama's answer is higher taxes. But he can't be serious. Just accommodating his spending plans over the next decade requires across-the-board tax increases of 20%. Over the next 25 years, taxes would need to rise across the board by 60%.

Instead, what is needed is spending reform that offers goals, specifics and ways to blend fiscal responsibility with modernizing government. "

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