Bi-partisan Commission Calls for Cuts in Spending and Increased Taxes to Lower Federal Debt


The commission’s ambitious proposal calls for cuts in domestic and military spending, curbing Social Security benefits, and increasing the payroll tax in order to erase $4 trillion in projected deficit by 2020. This is fun, isn’t it? Talking about things that our newly elected Congress will never pass? Later let’s talk about a sound immigration policy. [NYT, WP]