Sunday, December 5, 2010
Presidential Panel Outlines Big Changes to Tame US Debt
VOAVideo: Presidential Panel Outlines Big Changes to Tame US Debt
A presidential panel charged with finding ways to pull the U.S. out of its spiraling debt is calling for sweeping changes that would impact all Americans for generations to come. The National Commission on Fiscal Responsibility and Reform recommends raising the retirement age and eliminating costly tax breaks as part of a larger plan to reduce the nation's mushrooming debt. The commission's leaders say failure to act could have grave consequences for the U.S. - but even panel's members are divided on whether the steps go too far or not far enough. Mil Arcega has more.