Memory Eternal!

Memory Eternal!
Dad (the servant of God John) October 4, 1935 - March 30, 2015

Monday, November 12, 2012

On edge of brutal ‘fiscal cliff,’ some see an opportunity to end debt paralysis

Two years ago this month, the leaders of a presidential commission rolled out a startling plan to dig the nation out of debt. After decades of profligacy, they said, Washington must tell people to work longer, pay higher taxes and expect less in retirement.

Lawmakers recoiled from the blunt prescriptions of Democrat Erskine Bowles and Republican Alan K. Simpson. But their plan has since been heralded by both parties as a model of clear-eyed sacrifice, and policymakers say the moment has come to live up to its promise.
Read the rest here.

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