Thursday, January 21, 2010

The Budget Deficit Commission - WSJ.com

The Budget Deficit Commission - WSJ.com: "Democrats have spent a year spending money at record rates, and now they've hit upon a strategy to pay the political bill: Sucker Republicans into giving them cover for raising taxes.

That's the strategy behind the sudden White House-Congressional leadership embrace of a bipartisan budget deficit commission. Call it the Political Cover Commission. Democrats leaked word on Tuesday that they had agreed to this creation, which is part of their election-year turn from health care toward the economy and the appearance of 'fiscal discipline.'

A gang of 10 Democrats and eight Republicans would be charged to come up with ways to reduce the deficit. The idea is for everyone to hold hands and agree to raise taxes and cut entitlement spending together, so neither party gets the blame. Congress would have to vote up or down on the package as a whole."

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