The report from the chairmen lists some of the best ways to raise revenue and cut spending. But it comes with no enactment strategy. In this climate, asking politicians to end the mortgage deduction and tax employer health care plans and raise capital gains taxes and cut benefits for affluent seniors is like asking them to jump on a buzzing sack full of live grenades. They won’t do it.
Deficit commission leaders are not addressing the root causes of the long-term deficit
So, About That Deficit Commission ...
Tax revenues capped at 21% of GDP
The deficit commission report
Mankiw is happy, Krugman and DeLong are upset.
Panel Seeks Social Security Cuts and Higher Taxes
The deficit commission’s plan