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KEVIN WILLIAMSON: The Young Guns vs. The Deficit. ?I have been, and remain, skeptical of congressi?

By Glenn Reynolds

KEVIN WILLIAMSON: The Young Guns vs. The Deficit. “I have been, and remain, skeptical of congressional Republicans? ability to head off Fiscal Armageddon; the political incentives are all wrong, and it probably will take a major economic crisis to realign those incentives. But I am a little less skeptical today than I was yesterday ? maybe 5 percent less. I think there is a non-trivial chance that non-entitlement spending could be scaled back to 2008 levels ? not exactly raging austerity, but a start; combined with sane entitlement reform and tax reform, that could get us several steps back from the ledge we?re on. Something good seems to be afoot among Republicans.”

Full post as published by Instapundit.com on September 15, 2010 (boomark / email).