What should be the Republicans do about the Blair House debate and the Fiscal Commission
February 22, 2010
Keith Hennessey answers the first question.
Greg Mankiw answers the second. I fully support four of Mankiw's five suggestions. The remaining one, a VAT, I'm more doubtful about. But if it were part of a comprehensive deal along the lines he discusses, maybe--maybe--I could support it, too. (Daniel Mitchell argues against a VAT: "A Value-Added Tax Is Not the Answer . . . Unless the Question Is How To Finance Bigger Government".)
Note that Mankiw, as well as David Henderson, advocate raising the age of eligibility for Social Security and Medicare. I've long been in favor of this, as I've posted most recently here and here.