Wednesday, November 10, 2010

Surprise! Catfood Commission announces some very bad ideas

The Defiicit Reduction Commission (aka the Catfood Commission) says that it wants to reduce Social Security benefits to most future retirees, eliminate the mortgage-interest tax deduction and lower tax rates for rich people and corporations. The Commission held a surprise early press conference today to announce their plan.

Already commentators are saying these ideas are so bad that few people are likely to take them seriously.