Posted on 01/20/2010 5:47:04 AM PST by SJackson
WASHINGTON — President Obama plans to create a bipartisan commission to make recommendations to Congress on ways to reduce the federal budget deficit under an agreement reached Tuesday night at the White House.
The agreement is tentative, pending consultations between Congressional leaders and some House and Senate lawmakers. Some details remained in flux.
But according to people familiar with the deal, in principle it commits Democrats to work with Republicans to do what they have not been able to do for a decade through the regular process: compromise on spending cuts and tax increases to produce reductions in annual deficits that, under George W. Bush and now Mr. Obama, have reached the highest levels since World War II.
In the short run, such a commission would buy time for the White House and Congress, putting off decisions until after this year’s midterm elections while the commission deliberates. Democrats and most economists argue that this year is not the right time to make big cuts in spending or raise taxes while the economy remains at risk of falling back into recession.
(Excerpt) Read more at nytimes.com ...
Hilarious!
“Why do we need a fricking ‘PANEL’???”
To pass tax increases as bi-partisan.
“...talk, talk, talk...and then do nothing.”
I think we’d all be a lot better off if he did nothing.
Dear zer0,
Here’s your panel findings:
The deficit is too big.
Cut taxes, cut spending.
Thank you very much.
It might a good idea to create a couple of committees to oversee that panel...you know, just in case they miss something important.;-)
Money quote.
A laugh-track has set itself up in my head. It goes off every time this guy does anything.
“President Obama plans to create a bipartisan commission to make recommendations to Congress on ways to reduce the federal budget deficit under an agreement reached Tuesday night at the White House.”
Piss money away like a maniac for a year and then hire a commission to study the deficit.
This idiot is incompetent and delusional.
Putting together a panel is very “community organizerish”, isn’t it...Obama is a classic example of “The Peter Principle” in action...magritte
Any Republican being “bipartisan” and getting on this panel needs to be dismissed. To become “part” of the problem is a stupid move ... let the Dems “study it” ... they made it happen. Republicans should stay totally away from this thing.
It's OK though...the Brown victory has really given me a renewed sense of hope for the future in many ways.
To that I would add, while they are in session. Nothing goes in. Nothing leaves. Cut off power and communications. Let 'em all rot.
A panel to discuss deficit spending? How much is THAT going to cost? (Partly in sarcasm, partly shaking my head).
Does anyone really believe this kind of baloney anymore? I mean I’ve lost count of how many budgetary departments the government already has in place, but now we need a panel? B.S. They need to just do the job we already pay them to do.
The panel will consider token spending cuts in exchange for the VAT, and get some fool Republican to go along to provide cover.
awright ... where's the "sarcasm" tag? ;-)
why doesn’t he start in his own back yard..and stop spending money like he just hit the big time..AND STAY IN DC FOR A CHANGE..oh, and cut some of Shelly’s ladies-in-waiting.
It’s because they want someone else to decide, and then they don’t have to make the hard decisions... except stacking the deck in choosing who is on the panel.
Don’t bother you’re only going to be POTUS 3 more years.
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