As you know, the Deficit Commission released their final report, which can be found HERE. I've been reading through it, and there's something you all should know.
...It's not terrible.
We've gotten so worked up over the ridiculous early draft leaked a few weeks ago that we've dismissed it out of hand. But many of the largest problems are gone now - the EITC, child tax credit, and mortgage rate deductions all remain in effect, and Social Security payments go up by a huge margin for the lowest half of the income distribution. As the reality-based community, we owe it to ourselves to know what's really in here.
Follow me after the jump for the details.
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