WSJ: Deficit Panel Stresses Spending Cuts

I will believe it when I see it, but a majority of the "bipartisan deficit panel" seem to be saying that we need to cut spending rather than raise taxes, according to the WSJ.

Here's the surreal thing, though. The chairman of the panel, Democrat Erskine Bowles, suggested that federal tax revenue should "rise to about 21% of GDP." Under today's CBO projections, we are already above that figure - and it will grow to 26% by the end of the decade and 35% by 2035.

There's really only one good way to help reduce deficits - reverse all of Obama's policies and grow the economy.