Posted on 02/17/2010 11:45:25 AM PST by EagleUSA
WASHINGTON -- Determined to have a deficit commission with or without Congress' backing, President Obama plans to announce on Thursday that he is establishing a panel similar to -- although weaker than-- the one lawmakers rejected.
Former White House chief of staff Erskine Bowles and former Republican Senate Whip Alan Simpson would lead the panel, a senior administration official said Tuesday. The official spoke on the condition of anonymity because the president's executive order creating the National Commission on Fiscal Responsibility and Reform had not been announced.
The deficit spiked to an extraordinary $1.4 trillion last year and could top that figure this year as the struggling economy puts a big dent in tax revenues. Even worse from the perspective of economists and deficit hawks, the medium-term deficit picture is for deficits to hit around $1 trillion a year for the foreseeable future.
Obama and his economic team have said repeatedly that this is not sustainable. He told lawmakers during his State of the Union address that he would go around their vote and appoint a version of a deficit commission.
Obama's version of the commission is a weak substitute for what he really wanted: a panel created by Congress that could force lawmakers to consider unpopular remedies to reduce the debt, including curbing politically sensitive entitlements like Social Security and Medicare.
(Excerpt) Read more at foxnews.com ...
Beyond words...
Could the deficit be the result of overspending?
Prediction: the commission will say ... cut the military and space programs and raises taxes through the roof.
I’ll help them out with the answer:
Polititions who want to be sugar daddies.
Hitler’s Mein Kamph and the BIG LIE -— Summed up as — Basically, the BIG LIE must be somewhat plausible in the minds of the wider ignorant public. The colossal untruth, what Obama seeks to tell everyday — “These people know only too well how to use falsehood for the basest purposes”. A foundational element of Obammunism.
They state this as if it were a mystery as to how this happened. The panel's first recommendation should be to remove Obama, Biden, The House, The Senate, and all the Czars and start over with names drawn at random.
Yup. When the CEO refuses to do his duty, and cut domestic spending, he appoints fall guys to deflect blame.
He doesn’t need a deficit commission! Just STOP SPENDING US INTO SLAVERY obama! JUST STOP SPENDING!
Rush is all over THE BIG LIE today.
They will tell him he must raise taxes. He will raise taxes and then blame his advisers.
Rush is absolutely right about the “Big Lie” theme today, too.
A bunch of jagoffs in Brioni suits eating Beluga on toast points, nodding and saying “Man, we are so broke.”
Zero fiddles while America burns.
I ask many what they think about the AGW BIG LIE and they think they know the truth, but what they know isn't true. That's how it all works. Play to the ignorant masses.
Even my wife says how could they expect they could get away with it.
Did you see this video "We Genetration"... Goebbels would be proud.
Oh DEFICIT panel. At first I was thinking Death panel. But that will come soon enough.
You're absolutely right.
The new mantra will be "Hey, I didn't want to raise your taxes, but the panel said I had to...Did I tell you there's a Republican on the panel?? I told that Republican I didn't want to raise taxes on the good people of the Unites States, but that Republican made me..."
The blind leading the blind. Or.......the panel will look at ways of increasing the debt.
We have 535 elected and paid panel members already. If they are incapable then step aside and we will get someone else.
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