“Sidestepping controversy, House Majority Leader Eric Cantor, R-Va., declined to take sides Monday on a proposal for higher taxes backed by fellow Republicans on Congress’ supercommittee, yet expressed confidence the panel would agree on a deficit-reduction plan of at least $1.2 trillion by a Nov. 23 deadline.” (USA Today)
The taxes are coming.
FEE Timely Classic
“The Deficit Connection” by Ernest G. Ross