An argument about cutting spending quickly or slowly would be a good one to have, because either way, it would mean that we're cutting spending, which would not only be a good thing but a major change in government policy.
I think the answer to whether we should cut quickly or slowly depends on how imminent the debt crisis is. If we have time to cut slowly, we should, because that will cause less disruption in people's lives. If we don't, if collapse is coming unless we act now, then we have to act now and deal with the disruptions as best we can.
What's most important, though, is that we at least acknowledge that cutting is the direction in which we need to go.
Is Romney the Keynesian Choice in November?
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