The Commission on Bedget Reform has come up with a proposal to shrink the Federal deficit. This article from the Wall Street Journal gives some of the highlights. Of course, there’s a catch:
They recommend waiting until 2012 to implement policy changes to avoid harming their re-election prospects the economic recovery.
The strike-through is mine, obviously. But the economic recovery is a pretty good cover story.
In other words, balance the budget–just not now.
