With that in mind, let’s hear it for the bipartisan debt commission appointed by President Obama. Its co-chairmen, Republican Alan Simpson and Democrat Erskine Bowles, released a draft plan yesterday that could save the nation from that fate. And they met the first standard of fairness by spreading the pain to every corner.
This is a litmus test for politicians, a perfect way to identify the blowhards on both sides of the aisle. They are the Republicans who rule out any tax increases and Democrats who rule out spending cuts on sacred cows like Social Security. They deserve each other. And if they carry the day, as most expect, then we will take a few more steps toward the cliff, bickering all the way.Perhaps someone in the S-L news division should tell them the commission's plan LOWERS taxes:
Republicans were more open to the proposals, because much of the $1.1 trillion saved by eliminating tax breaks — including for children and mortgage interest — would be used to reduce individual income tax rates. Six tax rates ranging from 15% to 35% would be shrunk to three — 8%, 14% and 23%.There are far better bloggers than I who will tell you how massively stupid this entire thing is. I just wanted to point out, again, how the S-L editorial board never seems to get around to reading their own paper.