President Obama’s fiscal commission supposedly offers an “aggressive prescription” to reduce the federal deficit. It’s not just the debt and deficit, stupid. It’s the size, scope and bloat of the federal government. Here’s my plan:
1) Accept the political reality that a) taxes cannot be raised, and b) entitlement spending (Social Security, Medicare, Medicaid) cannot be cut for current or near-future beneficiaries. Voters will not vote to raise their taxes. Voters will not vote to cut off their money. And politicians want votes.
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