The National Memo » Flawed Assumptions Plague Latest Deficit Panel:
The U.S. budget deficit is worse than ever. Taxes already have been raised, so efforts to narrow the shortfall should focus only on spending. The only fair deal is a straight trade: relief from the cuts under sequestration in return for reductions to entitlements. Yet there’s no incentive for Democrats to go along.
All of these statements are accepted by the public and important politicians. All are false.
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