A bold, necessary step toward economic sanity
Nov 15, 2010 10:56 AM
What Erskine Bowles and Alan Simpson have given America is the equivalent of a cold shower after a night of heavy drinking. It's sober-up time. The co-chairmen of the president's commission on deficits and debt, in outlining the steps they said would be necessary to eliminate red ink and restore the budget to health by 2020, accomplished one great achievement: They made it impossible for anyone to pretend there are relatively easy or painless ways to dig out of the monumental fiscal pit we have fallen into.