Obama to establish commission for looting Social Security by Executive Order?
Missed this one from December 15. More good news:
President Obama is seriously considering an executive order to create a bipartisan commission that could weigh sweeping tax increases and spending cuts to try to slash the soaring federal deficit, CNN has learned.
Documents obtained by CNN show that top advisers to the president have been privately weighing various versions of a commission, and opinions differ about how to structure it. Officials say that some inside the administration are pushing for a narrow mandate because it's too complicated to tackle reform of the tax system and possible spending cuts to various popular programs such as Social Security and Medicare all at once.
"Each major category of fiscal policy -- Social Security, Medicare, discretionary spending, revenues -- raises a complex and idiosyncratic array of policy problems and prescriptions," according to the documents detailing some of the administration's deliberations. "Achieving consensus on any one of these issues -- much less all of them simultaneously -- may be more than the political system can reasonably accommodate."
"The country is ungovernable!" Translation: The Dems can't arrange to loot the citizens as fast as their owners would like.
But officials told CNN that other advisers to the president are pushing for the commission to have a broad mandate to put all of these big issues "on the table" at the same time.
"The nation's unsustainable fiscal course is the result of imbalance across the budget as a whole, not any component in isolation," according to the documents, which are marked "Preliminary and Pre-Decisional -- Not For Distribution."
Translation: Trial balloon.
Good thing the banksters and the health insurance companies got theirs first, then. I'm so HAPPY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NOTE I'm sure the riposte to "unsustainable fiscal course" is Modern Monetary Theory... But I don't have the arguments mastered. And anybody who's saying that Obama's playing 11-dimensional chess with Kent Conrad, instead of doing what his owners want, should ask themselves why he's entertaining this idea at all.