I argue that we DO need a budget commission - it is just possible that it will make some meaningful recommendations - but more importantly the country needs to face this squarely. The brigher the spotlight on this topic the better, in my view.

With roughly $950,000 of unfunded public liabilities per family (see https://www.mygovspending.com/beginners/new for a shocking calculator); we're about to find out if a road paved with IOUs leads to serfdom. Apologies to Freddie Hayek.