Dave Schuler continues his “issues week” with his take on our current fiscal situation. I largely agree with his bottom line:

We need to suit our wants to our means. For me this means we’re going to need to increase taxes a little, recognizing that will result in less economic growth than we otherwise might have, reduce our military expenditures, recognizing that we should reduce our military commitments right along with our military expenditures, bring Social Security into balance, and curb the growth of Medicare and Medicaid

Of course, as I’m sure Dave would agree, that’s a lot easier said than done. Here at Heretical Ideas, Jon Stonger analyzes the difference between Obama and McCain’s fiscal policies, and assumes that they must command some kind of genie in order for them to arrive at a balanced budget.