The commission's plan claims to balance the budget (by 2035) by relying far more on spending cuts than tax increases -- but it does so by assuming a phony "baseline": That is, it takes as its starting point a fantasy world where the Bush tax cuts lapse, but Washington still spends according to the programs passed by President Obama and the Democratic Congress over the last two years.
Source: http://www.realclearpolitics.com/2010/12/03/time_to_roll_back_obama_spending_hikes_246742.html
George W. Bush Harry Reid Henry Kissinger Herb Kohl Hillary Clinton
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