‘Debt Like Cancer’ Addressed by Obama Commission on U.S. Debt

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Brian Faler
Bloomberg
April 28, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

President Barack Obama’s debt commission started grappling with how to reduce the U.S. government’s red ink in the first of a series of meetings aimed at producing a plan to be sent to Congress.

The panel’s three-hour meeting yesterday produced little disagreement over the dimensions of the fiscal challenge, underscored by testimony from Federal Reserve Chairman Ben S. Bernanke and White House Budget Director Peter Orszag on the potential for the nation’s debt eventually precipitating an economic crisis.

The challenge facing the panel is devising a plan proposing hundreds of billions in tax increases and spending cuts that can get backing from at least 14 of the 18 its members, the number needed to forward any plan to Capitol Hill, and then win support in Congress.

Read entire article

This article was posted: Wednesday, April 28, 2010 at 11:46 am







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
White House Tells Parents: Children Could Be Terrorists! See the rest on the Alex Jones YouTube channel.

Al Sharpton: Mob Rat For The FBI See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.