Why does the press insist on calling tax hikes ‘debt cuts’?
A tax hike may reduce the debt (or it may not), but a hike in taxes is not a cut in any sense of the word. The President is not going to propose any actual ‘cuts’ tomorrow night, he is going to ask us to imagine a time when the war is over and we can soak the rich. He is not going to suggest we reduce spending any any substantive way whatsoever, and that is the only real way to cut the deficit.
Why he is still talking I have no idea – why anyone is listening is a bigger mystery.