All Commentary
Wednesday, July 20, 2011

Gang of Six’s Debt Plan Rises from the Ashes

“President Obama seized on the re-emergence of an ambitious bipartisan budget plan in the Senate on Tuesday to invigorate his push for a big debt-reduction deal, and he summoned Congressional leaders back to the bargaining table this week to ‘start talking turkey.’ The bipartisan proposal from the so-called Gang of Six senators to reduce deficits by nearly $4 trillion over the coming decade….” (New York Times)

Beware congressional promises about spending cuts that will happen over ten years.

FEE Timely Classic
“How to Reduce Taxes” by Leonard E. Read