Last week the Congressional Budget Office issued a 300-page compendium of options for cutting the budget deficit. Adopting a handful of these options would enable the government to forgo the destructive consequences of sequestration while permanently reducing federal outlays. Among the biggest and most appealing possibilities: adjusting Social Security benefits to reflect rising life expectancy; using a more accurate inflation measure to compute cost-of-living increases; turning poverty programs into block grants for states; eliminating concurrent receipt of retirement and disability benefits by veterans; limiting medical malpractice suits; and reducing health insurance exchange subsidies under Obamacare. I have written an explanation of why these options make sense for Forbes.com that you can read here.
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