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Kicking the can down the road. That's been the Obama administration's response on issues from Iran's nuclear weapons program to America's entitlement systems.
The co-chairmen of President Obama's fiscal commission, Erskine Bowles and Alan Simpson, have shown that the welfare-state entitlements designated in America's tax code weaken both the efficiency and fairness of the tax system.
The federal government seems a long way from the economic disaster Bowles envisions, but some state governments, like California, are not. To avoid this, Congress could pass a law allowing states to go bankrupt.
Alan Simpson and Erskine Bowles are challenged with unrealities in handling the country's toughest economic truths.
Before taking a further hatchet to defense, Congress could make a more serious effort to reverse increases in domestic spending put in place by the Obama Administration.
Do conservatives just want to cut government willy-nilly, not only reducing its overall size but endangering its ability to carry out its proper functions?
The Bowles-Simpson plan to reduce the federal deficit is as good as economics gets.
To establish Social Security as a sustainable, solvent program, changes are necessary. A wide range of reforms have been proposed in recent years, and many of those proposals include changes both to future benefits and to payroll taxes.




