The Fiscal Commission Final Proposal

It can be read in full here. The committee won't vote on the plan until Friday. Ezra Klein goes through it point by point. Yglesias notes:

Surely the strangest thing about the Bowles-Simpson debt reduction plan is that, relative to current law, it . . . increases the public debt load over the next ten years ... Obviously starting around 2020 or so Bowles-Simpson starts doing better than current law, but it’s difficult for the current congress to tie the hands of future congress.