I'm almost glad the dems will likely lose power in the next round. Whoever is in office is going to be mighty unpopular, damn quick. The fact is, we must make significant cuts to cherished programs, and or raise unpopular taxes. We have lots of ways to do this but none are going to be popular.
I fear no one will act until we have a full fledged meltdown. Politicians are not fond of making hard choices. Obama originaly asked that the commission’s finding be binding. The Rs said no way.
I just read that our defense budget is more than eight times that of the next biggest spender. Is that necessary? Do we need to have billions of dollars in farm subsidies? Could the rich possible squeeze by on the pre Bush tax rates? Should we pay full Medicare and Social security benefits to those earning more than a million per year? Should Social Security retirement age be raised by eight years, the amount our life expectancy has risen since the inception of SS? The questions and answers are obvious, but as the co chairs of the commission said the implementation will be ugly.