Reining in the deficit won't be easy

A bipartisan commission chaired by former Republican Sen. Alan Simpson and former Clinton White House chief of staff Erskine Bowles may propose cutting Social Security benefits, slashing government spending and cutting $100 billion a year in tax breaks for individuals and businesses. What are the best options to cut trillions from the deficit?

Guests

• Diane Lim Rogers: Chief economist, the Concord Coalition. Former chief economist for congressional committees and senior economist on the staff of the Council of Economic Advisers in Clinton and Bush administrations. Former professor of economics at Penn State University. Writes the Economistmom.com blog.

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Resources

• National Debt Commission website
• Concord Coalition website
• Economistmom.com