Deficit Commission Report 12/4/10

posted Dec 4, 2010, 12:48 PM by Frank Baskin   [ updated Dec 4, 2010, 12:58 PM ]
The President's Deficit Commission agreed on a 11-7 vote to approve significant changes in the Federal Government with the goal of reducing  the Federal... FOR MORE CLICK TITLE... Deficit. There had to be 14 members in favor in order for the report to automatically go to the Congress for its approval. Among those who voted in support were both liberal and conservative members of the Commission. The Congress will not be obligated to consider its recommendations but its majority vote may help it to move along with the President and/or the next Congress. Some of its recommendations about Social Security, Medicare, Defense spending, the Federal sales tax, and re-structuring the tax code all remain controversial. Nonetheless, its bi-partisan support may give it some strength in 2011.