I've quickly scanned the Simpson-Bowles draft proposal and find it extremely encouraging. It really does hit what the Dish regards as key themes for a new fiscal order: 1986-style tax reform (largely removing deductions and lowering rates); serious defense retrenchment; focusing social security on the truly needy and raising the retirement age; hard cost-controls in Medicare; a real populist attack on government waste.
It reads like the manifesto the Tea Party never published. Every detail needs thinking through and debate. Much of it is way over my head in terms of the specifics of government programs and the ability to cut them. But the core proposal is honest, real, and vital. I recommend you download and read both documents.
If I were the president, I would embrace this and urge passage of these proposals as the key domestic objective of his next two years in office. If I were the GOP, intent not on politics but on restraining spending and the debt, I would make this a joint endeavor. If I were the Tea Party, I would leap at this as a way past the old two parties toward fiscal sanity.
Thursday, November 11, 2010
Honest, Real, Vital
Andrew Sullivan's initial take on the initial Simpson-Bowles debt reduction proposal is positive (as is mine):
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