Commission Outlines Plan to Reduce Debt

Publication: Wall Street Journal's Real Time Economics

Author: Sudeep Reddy

12/14/2009 - A commission led by former lawmakers, congressional budget staffers and economists today outlined a plan to do what current Washington policymakers have been unable to do: bring the rising federal debt under control.

After meeting for the past year, the Peterson-Pew Commission on Budget Reform laid out a six-step plan designed to prevent a sudden debt-driven crisis that would likely spur higher interest rates and lower standards of living.

Read the full article Commission Outlines Plan to Reduce Debt on The Wall Street Journal's Real Time Economics blog.

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