Avoiding a Debt Crisis

 The Manhattan Institute's Brian Riedl has a plan to avert a debt crisis. An excerpt:

The fiscal consolidation in this report calls for trimming some Social Security and Medicare benefits for upper-income recipients. Some taxes would rise. Spending on defense would continue to fall as a share of the economy. In short, there is something in this blueprint for everyone to oppose. But letting the country plunge into a debt crisis would be far more painful than this blueprint’s reforms.