Greg Ip

Articles by The Economist’s U.S. Economics Editor

The president’s deficit commission: Nice try

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But the full commission may well decline to support its chairmen’s proposal

Nov 11th 2010

[Greg Ip] AMERICAN voters, spared a serious discussion of the budget in the midterm elections, are about to get an earful on the subject. On November 10th Erskine Bowles and Alan Simpson, co-chairmen of Barack Obama’s deficit commission, proposed sweeping tax reforms and spending overhauls to cut the deficit to 2.2% and stabilise the debt at 69% of GDP by 2015. The deficit would be 4.3% in 2015 and the debt 90% in 2020 under Mr Obama’s most recent budget, the Congressional Budget Office reckons.

The original article is linked here.

 

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Written by gregip

November 11, 2010 at 9:59 pm

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