The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced only or primarily through spending cuts, which is exactly what Paul Ryan and the Tea Party Republicans fought so hard for, and were subsequently demonized by the Democrats.
The survey out Monday found that 56 percent of the NABE members surveyed felt that way
while only 37 percent said they favor equal parts spending cuts and tax increases (favored by Obama). The remaining 7 percent believe it should be done only or mostly through tax increases (favored by far left socialists).
As for how to reduce the deficit, the majority said the best way would be to contain Medicare and Medicaid costs (responsible for 40% of the deficit), which is what Paul Ryan and Tea Partiers suggested, but were again demonized by Democrats. Nearly a quarter recommended overhauling the tax system and simplifying tax rates and exemptions.
So it would seem that the administrations' constant bleating that "most economists" believe in tax increases, or a "balanced approach" is blatantly untrue.
No surprises here!