I suppose

one has to say something about the draft from the "catfood" commission chairs.  I think Kevin Drum says just about everything I would say:

Bottom line: this document isn't really aimed at deficit reduction. It's aimed at keeping government small. There's nothing wrong with that if you're a conservative think tank and that's what you're dedicated to selling. But it should be called by its right name. This document is a paean to cutting the federal government, not cutting the federal deficit.

Any proposal that calls for cutting taxes on the rich instead of raising them is not going to work and will condemn this country to banana republic status.  Of course, the people who own the banana groves do very well under that sort of regime, unless the underclass (us) rise up and manage to get through the gates.