http://finance.yahoo.com/news/Obama-endorses-deficit-task-apf-3690851821.html?x=0&sec=topStories&pos=1&asset=&ccode=
What a joke!
Why waste the money if you know nothing is going to get done?
This kind of garbage needs to be voted out of office.
You can see they're not fit to decide anything for, let alone run this country.
Notice how nothing gets decided, if anything ever does, until after the election.
It's not only time to audit the FED
It's time to audit the government.
It's impossible for them to do it themselves, and where they keep spending it and sending it has some serious questions as to the merit of it's expense.
President Barack Obama Saturday endorsed a bipartisan plan to name a special task force charged with coming up with a plan to curb the spiraling budget deficit, though the idea has lots of opposition from both his allies and rivals on Capitol Hill.
The bipartisan 18-member panel backed by Obama would study the issue for much of the year and, if 14 members agree, report a deficit reduction blueprint after the November elections that would be voted on before the new Congress convenes next year. The 14 would have to include at least half of the panel's Republicans -- a big obstacle.
[B]The general belief is that the task force idea will fail since many Republicans oppose the plan as a recipe for tax increases, while Democrats worry it'll lead to cuts to Medicare and Social Security benefits. And lots of powerful Democrats say the task force would encroach on their decision-making powers.
Still, some moderate Senate Democrats such as Evan Bayh of Indiana had demanded Obama's endorsement of the deficit panel idea, refusing to commit their votes for the unpopular debt limit measure next week without it.
The task force plan was offered by the top senators on the Budget Committee, Chairman Kent Conrad, D-N.D., and Judd Gregg, R-N.H., who see it as the only way for Republicans and Democrats alike to take the leap into the treacherous business of curbing the deficit with politically unpopular tax increases and spending cuts.
Much of the opposition comes from top Democrats such as House Speaker Nancy Pelosi of California and Senate Finance Committee Chairman Max Baucus of Montana, whose toes would be stepped on since the findings of the task force automatically receive a vote in both the House and Senate, eroding their power.
Senate GOP Leader Mitch McConnell of Kentucky, who supported the task before anti-tax activist Grover Norquist came out against the idea, is now strongly opposed. House GOP Leader John Boehner of Ohio appears opposed as well.
[/B]
