Unwittingly, President Obama handed the Republicans a huge Christmas present when he created his own Deficit Reduction Commission. Although I sure he assumed he'd see a proposal full of Big Government solutions such as cap and trade, a Value Added Tax and Payroll tax increases for Social Security and Medicare, what he got was a well thought out and realistic plan to address the real problems with the deficit.
Think about this, with mortgage interest rates at ridiculously low levels, who wouldn't give up the interest rate deduction in exchange for a top income tax rate of 23%? Where do I sign up?
Hopefully the new Republican leadership will pound the tables over this for the next 2 years and continuously cite "Obama's own Commission" as they roll out positive changes in fiscal policy.
Can you hear us John Boehner?
Commission leaders say cutting deficit will hurt - Yahoo! News