Here.

The basic outlines of a durable and comprehensive peace plan that Obama could propose are known to all:

First, a solution to the refugee problem involving compensation and resettlement in the Palestinian state but not in Israel. This is a bitter pill for the Palestinians, but Israel cannot be expected to commit political suicide for the sake of peace.

Second, genuine sharing of Jerusalem as the capital of each state, and some international arrangement for the Old City. This is a bitter pill for the Israelis, for it means accepting that the Arab neighborhoods of East Jerusalem will become the capital of Palestine.

Third, a territorial settlement based on the 1967 borders, with mutual and equal adjustments to allow the incorporation of the largest West Bank settlements into Israel.

And fourth, a demilitarized Palestinian state with U.S. or NATO troops along the Jordan River to provide Israel greater security.