Deficit Cutting Options Considered

Ending the deficit spending - how do we do it? Here is some analysis of the options.

The United States needs to consider a European-style tax on consumption to help tackle the burgeoning U.S. deficit, a member of a presidential deficit panel said on Tuesday.

"We need a broad-based consumption tax. That is not politically popular, but at some point we are going to have to do it," said Alice Rivlin, a former Congressional Budget Office director.

Just as you can't have a serious conversation about leniency for certain people in the country illegally until the government proves its willingness and ability to secure the border, you likwise can't ask people to consider paying more in taxes until you prove that the government can carve the institutionalized waste out of the system.