Obama’s debt commission warns of fiscal ‘cancer’

Dan Balz
Washington Post
July 12, 2010

• A d v e r t i s e m e n t

BOSTON — The co-chairmen of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington.

The two leaders — former Republican senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton — sought to build support for the work of the commission, whose recommendations due later this year are likely to spark a fierce debate in Congress.

“There are many who hope we fail,” Simpson said at the closing session of the National Governors Association annual meeting. He called the 18-member commission “good people with deep, deep differences” who know the odds of success “are rather harrowing.”

Read entire article

This article was posted: Monday, July 12, 2010 at 9:25 am

---

---

---

---