This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
Voters "re-elected a president who promised to fight for higher taxes on the wealthy, for more public investment and for careful cuts in spending.""Three days later, President Obama challenged Republicans to extend the Bush tax cuts for the middle class, right now, and said he would not accept a deal that does not require the wealthy to pay a bigger share."
Fact check
Obama's February 18, 2010 Executive Order 13531 established the Simpson-Bowles National Commission on Fiscal Responsibility and Reform (NCFRF).
He authorized identifying "policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run.""Specifically, the Commission shall propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015."
"This result is projected to stabilize the debt-to-GDP ratio at an acceptable level once the economy recovers. The magnitude and timing of the policy measures necessary to achieve this goal are subject to considerable uncertainty and will depend on the evolution of the economy."
"In addition, the Commission shall propose recommendations that meaningfully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government."
Deceptive language hid dark intentions. Anti-populist commission members were charged with institutionalizing austerity, eroding middle America, increasing unemployment and poverty, destroying future hopes for millions, and ending the nation's social contract incrementally over time.
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
