Should Washington focus more on raising taxes or cutting spending to deal with the deficit?

Washington will not be able to balance its budget by cutting spending alone. It will not be able to do so by simply raising taxes on the highest income earners in the country. Further, it won’t be able to get its books in order by a combination of the two. Unfortunately, that is what it seems heck bent on doing. Nope.

Frankly, it seems like a no-win situation, with no real solutions. What is the answer?…

As previously published in the Montgomery Advertiser on 12/1/2012