September 2, 2014

Obama Plan Pares Deficit as Romney Pledges End Without the Means

September 4, 2012
Bloomberg Businessweek

Excerpt

“The problem with the Obama plan is basically that it doesn’t contain a long-term strategy for tackling the debt, which they will concede,” says Bob Bixby, executive director of the Concord Coalition, a group in Arlington, Virginia that advocates deficit reduction. . . .

Reluctance to trim Medicare benefits could require cuts in the rest of the budget, or vice versa. Further, Obama may need to break his promise to prevent tax increases for 98 percent of taxpayers, Bixby said.