Commentary: Spend The Dough On Social Security And The Tax Code

Congress seems determined to blow a once-in-a-generation opportunity. After a decade of fiscal paralysis, the surging economy is about to hand Washington billions of dollars it could use to tackle two looming and vital projects: a long-delayed tax-code overhaul and the reform of Social Security. Converting to new systems will be expensive--at least at first. So now's the time when Washington should bank any budget surplus to help pay for those dramatic reforms.

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