November 10, 2010

Deficit Commission: Goring the Sacred Cows

Garett Jones

Senior Research Fellow
Summary

The deficit commission gored all the sacred cows with their proposal, so they have a real chance at succeeding. The test of a serious bipartisan plan was whether they went after tax expenditures, the military, and Medicare, and they hit all three, hard.

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The deficit commission gored all the sacred cows with their proposal, so they have a real chance at succeeding.  The test of a serious bipartisan plan was whether they went after tax expenditures, the military, and Medicare, and they hit all three, hard.

Coming out early was brilliant politics. The first mover sets the agenda, so Bowles and Simpson are now the go-tos on deficit reduction.