The deficit commission cometh
I'm not opposed to a deficit commission, but making a major push to announce it the morning after Scott Brown's election seems like a pretty good way to further demoralize the liberal base.
Faced with growing alarm over the nation's soaring debt, the White House and congressional Democrats tentatively agreed Tuesday to create an independent budget commission and to put its recommendations for fiscal solvency to a vote in Congress by the end of this year.
Under the agreement, President Obama would issue an executive order to create an 18-member panel that would be granted broad authority to propose changes in the tax code and in the massive federal entitlement programs -- including Medicare, Medicaid and Social Security -- that threaten to drive the nation's debt to levels not seen since World War II.
If I'm reading this right, the plan is to force Congress to take a vote on a package of tax increases and cuts in entitlements spending by the end of the year? I guess that might mean after the election, but if it doesn't, well, good luck with that.
On the other hand, I wouldn't worry too much about anything coming from this. Judd Gregg, the Senate Republican who actually supports a bipartisan deficit commission, is calling this "a fraud." And without Republican support, it isn't going anywhere.
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