Cut the Deficit ; Panel Chairmen Outline a Necessary, Though Painful, Path Forward

Summary


The trial balloon floated by President Obama's federal deficit commission has some earth-shaking proposals in it.

The angry reaction to the draft deficit reduction plan released last week has been predictable -- from the left and the right -- but hardly any part of government operations, including spending and taxes, has been left untouched.

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Cut the Deficit ; Panel Chairmen Outline a Necessary, Though Painful, Path Forward

For the first time, a key number has been identified. The panel wants to limit federal spend...

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