Democrats - The Party of No on Deficit Reduction - NYTimes.com

Democrats - The Party of No on Deficit Reduction - NYTimes.com: "But pondering what Nancy Pelosi and her compatriots are rejecting gives us a pretty good sense of what they’re for. It’s a world where the government perpetually warps the real estate and health care marketplaces, subsidizing McMansions and gold-plated insurance plans to the tune of billions every year. It’s a world where federal jobs are sacrosanct, but the private sector has to labor under one of the higher corporate tax rates in the developed West. It’s a world where the Social Security retirement age never budges, no matter how high average life expectancy climbs. And it’s a world where federal spending rises inexorably to 25 percent of G.D.P. and beyond, and taxes rise with it."