A key fight between Speaker Boehner and President Obama right now is whether to count the trillion-plus in spending cuts from the Budget Control Act towards the total budget deal. The substance here is silly but the implications are serious.
Let's face it: Congress will probably kick the can down the road again. But that means they'll need a new set of punishments to push them to act in six months or a year. So what sort of fiscal cliff will they set up next time?
Most debt plans, including Bowles-Simpson, include major cuts to Social Security. Sen. Mark Begich has another idea.
Contrary to popular belief, both Simpson-Bowles and Domenici-Rivlin are heavy on tax increases, moreso than Ryan's budget.
Tax reform will increase the number of people paying no income tax, not decrease it.