Why We’re In the Budget Mess

Watch John Stossel last night or read his latest column?

Since America is on the road to bankruptcy, we’ve got to make some changes. What would you do?

The Peter G. Peterson Foundation gave $200,000 to six think tanks to write budget proposals. The money went to the conservative American Enterprise Institute and Heritage Foundation; the “liberal” Center for American Progress, Economic Policy Institute and Roosevelt Institute Campus Network; and the Bipartisan Policy Center.

The liberal budgets raise spending and taxes, cut military spending, and keep entitlements. The conservative budgets keep military spending but just trim entitlements, and reform the tax code.

I’m also underwhelmed.

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