Wednesday, February 17, 2010
Obama to create fiscal commission to consider debt solutions
President Obama will sign an executive order Thursday to set up a bipartisan fiscal commission to weigh proposals to rein in the soaring federal debt, according to a White House official.
Yes, he'll use his executive powers to set up this ridiculous fiscal commission on debt, but he won't use his executive powers to help the millions of Americans who are suffering without jobs or whose homes are faced with foreclosure.
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5 comments:
Yes, Mike. It is a ridiculous commission for a country that issues its own currency. He is totally misinformed, which is the reason he'll be a one-term president.
Yes, but three years too many.
Right. But if a GOP deficit hawk and foreign policy hawk takes over in '12, we'll be wishing for O as the lesser of two evils.
True, Tom. GOP will not make it any better. Perhaps we'll get some tax cuts out of it.
I don't think the Democrats or the Republicans have the courage to enact a two-year payroll tax holiday, or increase spending to lift the country out of this economic malaise. It's a bold step, but both parties would bow to political pressure and fail to do what's best for the country.
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