says:
The paper is pure bullshit.
According to the projections in the guidelines, federal revenue for the next fiscal year should grow by 5 percent, reaching $112.8 billion. Over the following two years, we expect growth of about 6.4 percent per year—hitting $120 billion in 2013 and $127.6 billion in 2014.
So, let’s be realistic here and read between the lines. It is naive to expect this collection of pseudo-intellectuals to actually do anything to make these revenue growth projections REAL. There are only two possibilities:
1. This is all just empty rhetoric that won't materialize, which we get fed from election to election, and we blindly forgive every single time.
2. It isn't empty rhetoric and it will happen, but only because the dollar slides against the euro by, say, 10% annually. In other words, December 2012 -> 1€=$2.75, 2013 -> 1€=$3.00.
That crisis with the Swiss franc this past summer was a wonderful shock and durability test; it showed us our limits and proved just how much we can be pushed around.
Bottom line: the projections in these guidelines aren't science fiction.