Deficit Reduction Commission

The Deficit Reduction Commission was a group formed by the U.S. government to identify ways to reduce the federal budget deficit, which is the gap between government spending and revenue. Its goal was to recommend strategies to cut spending and/or increase revenue to make the country's finances more sustainable. This included examining programs like Social Security, Medicare, defense, and taxes. The commission aimed to balance fiscal responsibility with economic growth, helping ensure long-term financial stability for the government without unnecessarily burdening taxpayers or reducing essential services.