This week on Facing the Future, we talk to Romina Boccia, Director of Budget and Entitlement Policy for the CATO Institute. Boccia argues in a recent piece that it is time for a new bipartisan commission to take a broad look at the serious fiscal challenges the federal government faces and propose some solutions that would become law directly unless Congress opts out of any of the proposals.
This would include everything from how to reduce massive government healthcare spending to raising new revenue and reforming Social Security and Medicare. This idea of a commission has been tried in the past, but often Congress fails to implement any of the reasonable and well thought out reforms. Could this time perhaps be different?