The National Commission on Fiscal Responsibility and Reform met yesterday. The high-powered group of politicians, economists and business leaders is due to tell the nation how to deal with its deficit in a report expected in two months.
The co-chairs are former White House chief of staff Erskine Bowles and former Sen. Alan Simpson.
They have a thankless but critically important assignment: persuading Americans that they must accept substantial tax increases and painful spending cuts to keep the nation from careening off a fiscal cliff.
This year’s deficit will come in…
U.S. needs bitter fiscal medicines to tackle deficit
