By Ezra
From a bit later in his op-ed:
This issue is particularly important now because massive, unfunded entitlements are coming due as the baby-boom generation retires. We simply cannot afford higher taxes if we want an economy able to bear up under the strain of those obligations.
What the hell sense does that make? It's like saying a decade from now, I'll have huge expenses, so I'd better not make more money in the meantime. The entitlement crisis exists because government is not taking in enough revenues to pay for future outlays. Thompson is suggesting that the only way to prepare for it is to...avoid increasing revenues.
