How a Former Reagan Advisor Proposes that Barack Obama Could Balance the U.S. Budget

ATLANTA— Martin Feldstein wrote a great column that was published over the weekend in the Washington Post about how Barack Obama and Congress could reduce the budget deficit without technically raising taxes.  To do so would require that Mr. Obama go after one of the holy grails of the U.S tax code: federal tax expenditures.  Tax expenditures cost the federal government hundreds of billions in lost revenues each year.  By reducing them, Barack Obama could close the deficit.  Read more of this post