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THE DEFICIT COMMISSION'S UNINTENDED CONSEQUENCES

By Greg Siskind

The Bowles-Simpson Deficit Reduction Commission released it's preliminary recommendations this week for closing the government's massive budget deficit. The report will contain a lot of controversial cuts and tax increases and given the fiscal crisis in which the country finds itself, the effort is commendable. While a lot of great ideas are listed in the preview, there are certainly some where more thought is needed. Some budget cuts may bring short term gains, but end up costing the public more in the long run. The same is true for tax increases. One proposal that caused me immediate worry is the...

Full post as published by Greg Siskind's Blog on November 12, 2010 (boomark / email).