Double the top tax rate! It's time for those who have benefited from our system to pull their own weight again. Or as politicians used to say but don't seem to anymore, "From whom much is given, much is expected."
Norquist's unparalleled influence stems from his role as enforcer. Armed with his (in)famous anti-tax pledge, he's the undisputed master of political arm-twisting. No one on the left plays that sort of role.
To me, the oath of office is like a wedding vow. Once you say,"I do" and promise to be faithful to one person, are not all earlier flirtations swept aside? Does a promise to Grover Norquist's lobbying group outweigh the oath of office?
The deficit is a major problem for America. But there are two parts to the problem. One part is waste in government. The second is insufficient revenue. We are under-taxed, especially our corporations and our rich.
What advanced countries need is clarity of intent, an appropriate calibration of fiscal targets, and adequate structural reforms. With a little help from monetary policy, and from their (emerging market) friends.