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

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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]