foregone conclusion, let's look at what else we could do with the $60 billion annual cost of continuing such cuts for incomes above $250,000. David Leonhardt of the New York Times provides the list:
• As much deficit reduction as the elimination of earmarks, President Obama’s proposed federal pay freeze, a 10 percent cut in the federal work force and a 50 percent cut in foreign aid — combined.
• A tripling of federal funding for medical research.
• Universal preschool for 3- and 4-year-olds, with relatively small class sizes.
• A much larger troop surge in Afghanistan, raising spending by 60 percent from current levels.
• A national infrastructure program to repair and upgrade roads, bridges, mass transit, water systems and levees.
• A 15 percent cut in corporate taxes.
• Twice as much money for clean-energy research as suggested by a recent bipartisan plan.
• Free college, including room and board, for about half of all full-time students, at both four- and two-year colleges.
• A $500 tax cut for all households.
(Illustration: Mike Keefe, The Denver Post)