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Proposal for Reducing the Federal Deficit: Make 2011 Be a 'No COLA' Year
Prof. Edward A. Zelinsky, OUPblog 
[Opinion] Mar. 5, 2010 "I propose that we designate 2011 as the No COLA year. Under this proposal, in 2011 no cost-of-living adjustments would be implemented in the federal budget or tax law. When COLAs resume for 2012, any inflation which occurred in 2010 will be permanently disregarded. In a spirit of universal sacrifice, the suspension of COLAs in 2011 would be across-the-board.... The alternative of doing nothing is worse and will, in the long run, result in greater taxes and more disruption to entitlement and other spending programs." MORE >> |
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