BY IRWIN STOOLMACHER
COMMENTARY
The comprehensive debt reduction plans developed by President Obama’s National Commission on Fiscal Responsibility and the Bipartisan Policy Center’s Debt Task Force were both sincere efforts to reduce America’s staggering $1.75 trillion deficit. Both plans contained many thoughtful recommendations that, if implemented, could stabilize the nation’s debt by 2015.
Unfortunately, no elected official, including President Obama, has been willing to touch the more salient recommendations, especially those relating to the entitlements – Social Security, Medicaid and Medicare – which along with over the top military spending are at the root of the deficit problem and must be trimmed.
