BHO's deficit commission is costing tax payers money, but what they will eventually come up with will be pointless. That's because it is certain that the commission will recommend raising taxes.
Here, Stephen Moore and Richard Vedder provide historical data about deficit reduction and tax policy. History shows clearly that raising taxes leads Congress to spend more. In fact, every dollar of increased taxes results in more than a dollar of increased federal spending.
Wrong direction for the deficit and accumulated federal debt, wouldn't you say? The deficit problem is a federal spending problem. The deficit problem won't be solved by raising taxes.
Want to reduce the annual federal deficit, and OMG, the accumulated federal debt? Join the New Blood Party. Get rid of the politicians who voted for all the red ink in the first place.