If you believe that raising tax rates on the top 2 percent by a few points will have a negative effect on the economy and jobs (I donot), then you will likely findthe deduction cap is going to be a far more acceptable alternative than what the President has proposed.
The Fed will never choose hyperinflation, and Idonot think you can find 60 Senators to decide that bailing out the states that let their own spending and taxes get out of control would be acceptable with their voters.