This column originally appeared on Real Money Pro at 8:15 a.m. EST on Feb. 13.NEW YORK ( Real Money) --
"If you know the position a person takes on taxes, you can tell their whole philosophy. The tax code embodies all the essence of life: greed, politics, power, goodness, charity." -- Former IRS commissioner Sheldon CohenIt is my contention that dealing with our debt and deficits (i.e., the fiscal cliff) is probably easier to resolve than most believe. As a matter of necessity, it must be accomplished by:
- cutting spending;
- reforming Social Security, Medicare and Medicaid;
- accelerating the pace of domestic economic growth;
- reducing government waste; and
- raising taxes.