Tuesday, November 30, 2010

Alan Simpson and Erskine Bowles try to scare America into doing something about the deficit.

Slate "In their deficit-reduction plan, all budgets would be eventually balanced, all ledgers in the black. Earmarks would no longer exist, nor would tax expenditures. More Americans would pay federal income taxes, if at lower rates.
"Then cuts, lots of cuts, cuts making up more than half of the chairs' proposal. Seniors would work longer and get less from Social Security in many cases, for instance. Dozens of federal programs would face the axe. The National Zoo would start charging admission."

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