What to Do About the Federal Budget Deficit

Will a bipartisan commission work? What should the government do?

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Is Washington's problem: A. Too much spending? B. Not enough revenue? C. Both? The question is shaping up as a bright line in the increasingly urgent debate over what to do about the federal budget deficit. Not coincidentally, those choices will be key issues in the fall's high-stakes congressional elections. On Thursday, President Obama formed a bipartisan commission with two earnest chairmen to propose solutions, telling them that "everything is on the table." Republicans are leery of the approach because they want solutions from only the spending side. Where do you stand? Cuts? Taxes? Both? And what about the commission? Does it have a chance of succeeding? Give me your thoughts at editor@usnews.com, and we'll help stir the pot.

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