Deficit Reduction Committee Issues its Final Report

Erskine Bowles and Alan Simpson

From Kansascity.com - WASHINGTON - President Barack Obama’s special bipartisan deficit-reduction panel issued its final report Wednesday, one that is expected to frame the debate over how America should tame its out-of-control federal debt for the next two years and beyond. The report urges a sweeping range of controversial proposals, from deep cuts in most government spending to overhauling the tax code, reducing defense spending and trimming future Social Security benefits — all to slash $4 trillion from projected budget deficits by 2020. Read full story here:

Deficit Reduction Committee Issues its Final Report