No, this famous financial newspaper has a soft spot for the national debt. Conservatives may not care if the tax cut overreaches, as long as it puts money in their pockets. I'm starting to get the feeling that deficits are today's little black flecks. I doubt that Americans will accept many cuts in benefits. Probably the payroll tax, because it's supposed to support the cost of Social Security and Medicare hospitalization.
Payroll taxes are a far greater burden on the poor than on the rich.
How sad it would be, if we cut income taxes, then raised payroll taxes to keep the elderly going. The proposed, low 10 percent and 25 percent brackets don't help only the people at those income levels. To the IRS, your income looks like a layer cake. The bottom layer isn't taxed at all. And so on, all the way up.