Fiscal Cliff: The Solution is Obvious

An open letter to Tim Geithner on how to dodge the next debt crisis - The Washington Post: "The solution is obvious, along the lines that my colleague Geoff Colvin and I proposed in September: broadening the tax base so that we can lower rates while increasing tax revenue; treating income from capital and work the same way; and trimming the growth of entitlement programs such as Social Security and Medicare, especially for people like me who are well off. Much of this has become the conventional wisdom in Washington — and it’s actually wise."

So why is Washington having such a problem with the fiscal cliff?

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