By Tax Hikes Alone?

Andrew Sullivan —  Apr 20 2011 @ 5:17pm

Megan makes an argument about what that would likely mean by 2021, if we are to stabilize and begin reducing the debt: an increase in most people's income tax of around a third. I notice that, according to Goldman Sachs' analysis, none of the current debt-reduction plans do as well as Bowles-Simpson: