Reduce the Budget Deficit through Innovation

By June 26, 2012Articles, Miscellaneous

The solution to the nation’s long-term deficit problem is generally portrayed as a choice among sharp budget cuts, major tax increases or a combination of the two. Given the magnitude of the problem, some level of sacrifice is probably unavoidable. But there is a third, overlooked approach to major budget savings — innovation — that the new congressional super committee should also include as a key component of its deficit-reduction strategy.

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