One of our favorites, Fareed Zakaria, with his view of the expiring Bush tax cuts. He’s on the same page as the CZ. And he’s a smart guy.

Conservative economists and pundits warn of a Greece-like crisis in which America will be able to borrow only at exorbitant interest rates. So when an opportunity presents itself to cut those deficits by about a quarter — more than $300 billion! — permanently and relatively easily, you would think that these people would be leading the way. Far from it.

I don’t like our current tax system. It’s unwieldy, it taxes the wrong things (income instead of consumption) and its loopholes are legalized corruption. But we are not going to create the perfect tax code today. In front of us is a simple, easy way to bring America’s fiscal house in order, reduce our dependence on foreign borrowing, restore U.S. credibility and power, and provide a stable revenue base from which to make key investments for future growth. All we need is for Congress to do what it does so well: nothing.