 |
| Since this Commission Established in 2010 The deficit has escalated to over $14 trillion and that doesn't include the interest on 40% of debt borrowed. |
Federal budget deficit, February 2011: $223 Billion
Federal budget deficit, all of 2007: $160.7 Billion
The Washington Times reported, "a top Senate Democrat said his party can accept no more than $6 billion in domestic cuts." I can't even do the math on what percentage a cut of $6 Billion from a $ 223 Billion deficit; I just know it's a piss-ant amount.
Were these commissions a smoke screen for Fiscal Responsibility or Fiscal Fiasco? Deficit or Deceit? How about both apply?
Again all talk no action...In Texas he would be known as "TALK OFF".
He creates a commission and continues to spend like there is no pay-back required.# BE
National Commission on Fiscal Responsibility and Reform
President Obama created the bipartisan National Commission on Fiscal Responsibility and Reform to address our nation's fiscal challenges. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run.
About the National Commission on Fiscal Responsibility and Reform
President Obama created the bipartisan National Commission on Fiscal Responsibility and Reform to address our nation's fiscal challenges. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission shall propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015. In addition, the Commission shall propose recommendations that meaningfully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government.
The Commission will meet as a whole once a month while Congress is in session. The Commission will vote on a final report containing a set of recommendations to achieve its mission no later than December 1, 2010. The final report will require the approval of at least 14 of the Commission's 18 members.
View the President’s Executive Order establishing the Commission.
Working Groups
Discretionary Working Group
The Discretionary Working Group will research and discuss issues related to discretionary spending.
Discussion leaders:
Rep. Spratt and Sen. Coburn
Members:
Sen. Coburn
Dave Cote
Sen. Durbin
Ann Fudge
Rep. Hensarling
Alice Rivlin
Rep. Ryan
Rep. Schakowsky
Rep. Spratt
Mandatory Working Group
The Mandatory Working Group will research and discuss issues related to mandatory spending.
Discussion leaders:
Alice Rivlin and Sen. Gregg (on Social Security) or Rep. Ryan (on other mandatory issues)
Members:
Sen. Baucus
Rep. Becerra
Rep. Camp
Sen. Coburn
Sen. Conrad
Sen. Crapo
Sen. Gregg
Rep. Hensarling
Alice Rivlin
Rep. Ryan
Rep. Schakowsky
Rep. Spratt
Andy Stern
Tax Reform Working Group
The Tax Reform Working Group will research and discuss issues related to tax reform.
Discussion Leaders:
Rep. Camp and Sen. Conrad
Members:
Sen. Baucus
Rep. Becerra
Rep. Camp
Sen. Conrad
Dave Cote
Sen. Crapo
Sen. Durbin
Ann Fudge
Sen. Gregg
Andy Stern
The working groups are operating under 41 CFR 102-3.35(a) which permits subcommittees that do not report directly to a federal agency or official to meet without regard to FACA's open meeting requirements. The working groups will report their findings directly to the Commission at regularly scheduled open meetings of the Commission. Via CM
