Deficit panel offers toughness, but political deadlock remains
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0 Left 1 Centered 0 RightThe debate over reducing long-term federal spending got off to a rocky start this week when several Democratic leaders flatly rejected proposals by the leaders of a deficit commission to adjust Social Security, including a rise in the age of eligibility. Whatever the merits of the draft report cobbled together by Democrat Erskine Bowles and Republican Alan Simpson, deficit reduction is too important to have a major entitlement program like Social Security taken off the table.After a mid-term ele...