Did You Know...

   

Dems Incensed Obama’s Fiscal Commission May Recommend Sweeping ::gulp:: Spending Cuts

Share
By Doug Powers  •  November 10, 2010 10:47 PM

**Written by Doug Powers

Hey, whose side is this “fiscal commission” on anyway?

The chairmen of President Obama’s fiscal commission sparked a political firestorm Wednesday with the early release of a report proposing sweeping changes to Social Security, Medicare and the tax code.

The plan would reduce the deficit by nearly $4 trillion over the next decade by making dramatic spending cuts and overhauling the tax code by wiping out deductions, such as the popular tax break on mortgage interest.

Labor unions and liberal Democrats lit into the preliminary proposal, which the two chairmen touted as the first serious plan to tackle the country’s growing debt.

Speaker Nancy Pelosi (D-Calif.) said it was “simply unacceptable.”
[…]
Senate Democratic Whip Dick Durbin (D-Ill.), a commission member, balked at the heavy emphasis on spending cuts in the plan.

Co-Chairman Erskine Bowles, a Democrat, said that about 75 percent of the proposed deficit reduction came from spending cuts and 25 percent from “the revenue side.”

When asked Wednesday afternoon whether the 75 percent-to-25 percent ratio of spending cuts to revenue increases was too titled toward reducing spending, Durbin said: “To me it is.”

The “denialcrats” were hoping for a fiscal commission whose recommendations were all “raise taxes” and/or “increase spending,” but maybe that’ll happen next as soon as the Tea Party hangover subsides.

Either way, Dick Durbin need not worry — he’s got a movie career to keep him going.

The fiscal commission’s preliminary report also recommends crap-canning the freaky “safe schools czar’s office” and to cut “voluntary” United Nations funding.

The commission was also going to propose saving money by not having a full-time private jet for the Speaker of the House, but John Boehner already took care of that.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

While Obama was in Alaska staring down glaciers to stave off climate change, this was going on nearby

September 3, 2015 08:58 AM by Doug Powers

obamaglacier1

China gets a better vantage point to watch Obama perform miracles

Fast Lerner: Subpoenaed tech guy who worked on Hillary’s private server says he’ll plead the 5th (sound familiar?)

September 2, 2015 08:07 PM by Doug Powers

drebin1

Nothing to hear here.

Peer-reviewed study: Obama’s mixed messages contributing to climate change, mass confusion

September 1, 2015 10:19 AM by Doug Powers

obamaclosing

Spending ensues, no matter what (and that’s the important thing)

Peak pandering: Ahead of Alaska visit, Obama officially renames Mt. McKinley

August 31, 2015 07:48 AM by Doug Powers

obamapoint

“The mountain has spoken”

‘Degrade and ultimately destroy’ ISIS update: JV team ‘growing like crazy’

August 30, 2015 12:03 PM by Doug Powers

obamaisis1

Time to escalate the war on climate change


Categories: Afghanistan, Al Qaeda, Barack Obama, Feature Story, Iraq, Politics

Follow me on Twitter Follow me on Facebook