Forget Taxes, Focus on Medicare to Cut Deficits: Ramesh Ponnuru
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Sept. 27 (Bloomberg) -- It may be called a“supercommittee,” but nobody expects any heroics. The dealreached over the summer to raise the debt ceiling created abipartisan committee to identify ways to reduce budget deficitsby $1.5 trillion over the next 10 years. Few people expectanything to come of it, assuming that it will deadlock overtaxes.
But there may be a way for the committee members to avoidthat fate: They should skip the paralyzing arguments over taxesand focus on paring back Medicare spending.