The Moment of Truth: the report of the National Commission On Fiscal Responsibility and Reform was published on Dec. 1, 2010. The recommendations of a bipartisan commission examining the nation’s deficit released its findings in early December. The commission was created in February and charged with coming up with ways to bring the federal budget in primary balance by 2015 and to improve the nation’s long-term fiscal outlook. The commission was chaired by Alan Simpson, former Republican senator from Wyoming, and Erskine Bowles, chief of state to former Democratic President Bill Clinton.
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