Surprise! It turns out America's problem with runaway budget deficits is solvable, after all. That, at least, is the opinion of some prominent think thanks that have been offering ready-made blueprints. As Republicans and Democrats seek to boost the limit on federal borrowing while reining in future deficits, here are six proposals, ranging from liberal to conservative, that grew out of a "solutions initiative" sponsored by the Peter G. Peterson Foundation.
As Americans debate proposals to reform Medicare, they should know that all of them involve trade-offs. Where the current system and the Paul Ryan plan fall short, a true voucher system provides choice, coverage, and cost-efficiency.
If the moderate Mitt Romney gets the nomination in the GOP 2012 race, the question is whether he could marshall the tea party movement's energy.
Ben Bernanke, head of the Federal Reserve, suggested Wednesday that lawmakers should instead focus on cutting the deficit over the medium to long term, in light of the slow recovery.
After reassuring reporters "the reports of my campaign's death were highly exaggerated," former House Speaker and current candidate for the 2012 Republican presidential nomination Newt Gingrich told reporters at a Christian Science Monitor Breakfast that, among other things, Republicans needed to win the debate over Medicare or risk creating "for Obama the Harry Truman moment of coming back and winning by being against us."
As a presidential candidate, Michele Bachmann is a fierce anti-Obamacare choice. Earlier this week on a Glenn Beck show, she offered her view of what Obama intends to do with Medicare.
With health-care costs skyrocketing, the US faces a critical fork in the road. Medicare for all isn't viable, but neither is Paul Ryan's privatized system. Thankfully, we don't have to choose. Having both a private and a public plan isn't just political compromise. It's what's best for Americans.
Rep. Michele Bachmann used the occasion of the debate to announce that she is definitely running for president. As for front-runner Mitt Romney, no competitors inflicted damage on his campaign.