What They'd Do About the Budget Shortfall

Everyone has an opinion about the budget shortfall these days: how big it is, what cuts we should make to confront it, whether new taxes — or new revenue of any kind — can be employed as a stop-gap. In an effort to consider competing viewpoints on these and other subjects, we asked three big thinkers in the Capitol community to tell us what they'd do if they had the power to take on the shortfall themselves.

Talmadge Heflin, a former chairman of the House Appropriations Committee, directs the Center for Fiscal Policy at the conservative Texas Public Policy Foundation. His ...

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