November 10, 2010
Obama's Bi-partisan Fiscal Commission Presents Draft Plan
- National Journal: "The chairmen of President Obama’s fiscal commission proposed a sweeping collection of spending cuts and tax increases today in a bid to jolt the panel's 16 other members away from their Republican and Democratic orthodoxies. The proposals call for significant reductions in future Social Security benefits -- an untouchable issue for many Democrats -- and a top-to-bottom tax overhaul that would raise tax burdens by $80 billion a year in 2015 and $160 billion a year by 2020."
- WSJ: The Pentagon Would Take $100 Billion Hit
- National Commission on Fiscal Responsibility and Reform