There is really only one way out of this jam. Spoiler alert: It’s not reducing funding for the Corporation for Public Broadcasting. It’s also not increasing the economy’s growth rate. That’s a good goal, but as we can see, the red ink has poured out over the past year even though the economy has been at or near full employment.
The solution is more tax revenue. Namely, more effective collection of taxes from people and companies that aren’t paying what they owe, coupled with higher tax rates on corporations and individuals. And not just on the very rich. The financing problem is big enough that taxes will have to go up on a sizable chunk of people in the top half of the income distribution (emphasis added).