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David Doody – The Deficit Commission Misses the Point

From UTNE Reader:

The Deficit Commission Misses the Point

By David Doody

Graph Federal Outlays

Revenues and Spending Excluding Interest, by Category, as a Percentage of Gross Domestic Product Under [Congressional Budget Office’s] Long-Term Budget Scenario.*

Economist Robert Reich and Mother Jones blogger Kevin Drum agree on the proposal put forth by co-chairmen Erskine Bowles and Alan Simpson last week to reduce the federal budget deficit. They agree that they disagree with it, that is. Or they at least disagree with where the report places its emphasis.

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