THE DEFICIT: Let's Not Make a Deal

Let's Not Make a Deal

Cutting the budget deficit is a task for America's best and coolest-headed. But even they are pounding the table in frustration, as was the case last week when the bipartisan National Economic Commission met. Congress created the panel last December, hoping it would produce a consensus on deficit-trimming measures (and take the heat off Congress to do so). But the deliberations, hemmed in by untouchable Social Security benefits on one side and antitax sentiment on the other, have taken on a sense of futility.

At a hearing on defense issues, member Caspar Weinberger was up to his old game, calling for...

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