From the Washington Post: "The chairmen of President Obama's bipartisan deficit commission on Wednesday offered an aggressive plan to rebalance the federal budget by curbing increases in Social Security benefits, slashing spending at the Pentagon and other agencies, and wiping out more than $100 billion a year in popular tax breaks for individuals and businesses."
FiscalCommission.gov is the primary source for the work of the bipartisan "Debt Commission." This includes the recent summary proposal for reducing the debt.
Source: Montgomery, L. (11 Nov. 2010). "Deficit panel leaders propose curbs on Social Security, major cuts in spending, tax breaks." Washington Post.
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