In its final report, “The Moment of Truth,” the President’s bipartisan National Commission on Fiscal Responsibility and Reform (“Fiscal Commission”) declared that the era of deficit denial is over. The debt crisis in Europe, the sobering election results, and the work of the Fiscal Commission have transformed the debate from a question of if we will reduce long-term deficits, to a matter of when and how we will do so. Fiscal responsibility is the dominant national issue, and we have the rare opportunity to enact a broad bipartisan plan to reduce the deficit and bring the debt under control.