By Judd Gregg – Robert Zoellick, the past head of the World Bank, is fond of telling the story of how the Foreign Minister of Australia said to him a few months ago: “America is one debt deal away from leading the world out of its economic doldrums.”
He is right.
Any debt reduction plan needs to primarily focus on changes to those programs that are driving the problem. These of course are the major entitlement accounts, Medicare, Medicaid and Social Security. There is also a need for comprehensive tax reform. more> http://tinyurl.com/c65wwnp
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