Thursday, April 25, 2013
Liberals' objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a high priority on reducing the deficit.
House Republicans have consistently refused to raise income taxes. And top Democrats now oppose changes to Medicare and Social Security benefits.
Lawmakers must budge on these issues to produce a bipartisan compromise big enough to seriously dent the federal deficit.
The nation's tax burden is near historic lows. And numerous studies have shown that the long-term fiscal health of Medicare and Social Security is imperiled.
Yet deficit-reduction proposals still produce much more talk than action in Washington.