Deficit panel to delay vote on report to Friday

[unhappycamper]

Deficit panel to delay vote on report to Friday
By Kevin G. Hall | McClatchy Newspapers
Posted on Tuesday, November 30, 2010

WASHINGTON — The leaders of a special bipartisan commission created to recommend ways to lower federal deficits and the national debt said Tuesday that they're delaying a vote on recommendations until Friday.

After working until the wee hours Monday and Tuesday, leaders of the National Commission on Fiscal Responsibility and Reform announced that they'd make their report public Wednesday as planned, but would put off a vote until Friday to permit more internal discussion.

"It's all about making tough, difficult choices," said Erskine Bowles, a commission co-chairman and former White House chief of staff under President Bill Clinton, in announcing the delay.

Bowles and his Republican counterpart, former Sen. Alan Simpson of Wyoming, said they don't expect major revisions to their draft proposal, which they issued in mid-November. It envisioned deficit reduction totaling $3.9 trillion over the next nine years, cutting the deficit in half by 2015, and by three quarters in 2020.

"The era of deficit denial in Washington is over," said Bowles, currently the head of the multi-campus University of North Carolina system.


unhappycamper comment: According to this article, we can watch the public forum at 9:30 a.m. EST on the White House web site.

[fasttense]

1. Well, of course they are. It's a common practice to wait until Friday

to release bad news. That gives people 2 days to digest it and the screaming dies down by Monday. The bushes used this tactic regularly.

So, I'm thinking they are going to increase our elderly workers and reduce the benefits we Baby Boomers have paid for twice.

All the while they will continue to pay only 15% tax on their capital gains while you and I pay 25% on our wages. And of course they are going to recommend the uber rich and corporation receive tax cuts.

We no longer have a Democracy. Welcome to neofeudalism. Next stop inherited debt, debtor's prisons, working houses.