‘Penny Plan’ Revived: Will Congress Focus on Out-of-Control Spending?

More lawmakers should look the facts in the eye. There is no silver bullet that will help lawmakers avoid specific and decisive action to structurally reform the key drivers of federal spending growth. The longer lawmakers wait, the tougher reform will be as spending is growing at a rapid pace, and achieving balance is becoming more difficult every year. Proposals like the penny plan make that inevitably clear.