11/10/2010 - After a political campaign focused heavily on the dangers of the mounting national debt, some of the best minds in Washington are about to roll out recommendations for bringing government borrowing under control.
Three separate commissions stocked with budget experts from both parties plan to issue reports over the next four weeks, culminating with the president's Commission on Fiscal Responsibility and Reform on Dec. 1.
Hours after Peterson screened his ads for reporters, the Pew Economic Policy Group made a bipartisan pitch to reform Social Security, which is forecast to worsen future deficits unless taxes are raised or benefits are reduced. The Capitol Hill event featured Democrat Robert Greenstein, executive director of the Center on Budget and Policy Priorities, and Republican Charles Blahous, a newly appointed public trustee for Social Security and Medicare who co-authored a paper agreeing that the Social Security shortfall is real and that the safety net will fray unless policymakers act quickly to fix it.
Read the article Panels Tackling Deficit, but Doubts Remain that Consensus can be Forged on the Washington Post Web site.