Domenici-Rivlin: Another Vote for Reduced Federal Spending

Conn Carroll / November 24, 2010

The Bipartisan Policy Center’s (BPC) Debt Reduction Task Force – a highly diverse group of private individuals – has laid out a comprehensive approach to closing the deficit and slowing the rise in national debt.

They do this through a combination of spending reductions, many though not all of which are excellent and transformational (about 53%) and tax increases, all of which are ill-advised (about 47%).  The report’s near silence on Obamacare is noteworthy and unfortunate even to the exclusion of the universally abhorred CLASS Act.  Their cuts to defense stand in stark contrast to the first obligation of Government to provide a strong defense of the nation. (more…)