Summary
Here is a sure-fire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.
That's right. If Congress simply fails to act between now and Jan. 1, 2013, the tax cuts passed under President George W. Bush expire, $1.2 trillion in additional budget cuts go through under the terms of last summer's debt ceiling deal, and a variety of other tax cuts also go away.See the full content of this document
Extract
Turning Budget 'Failure' Into Success
Knowing this, are you still sure that a "failure" by the congressional supercommittee to reach a deal would be such a disaster?
In an ideal world, of course, reasonabl...See the full content of this document
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