December 2, 2010 04:25 PM | Permalink | 
The deficit-reduction plan taking shape before the President’s fiscal commission is seriously unbalanced. It relies on cuts in public services for two-thirds of the deficit reduction it strives for, while relying on increased revenues for only one-third. The plan makes bold proposals to close tax loopholes, but unfortunately uses most of the resulting revenue to lower tax rates!
Read the statement.
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