Jump to content
House Price Crash Forum
Sign in to follow this  
lowrentyieldmakessense(honest!)

The Commission To Study Deficits Is Broke

Recommended Posts

:lol::lol:

link

As reported by The Fiscal Times, President Obama's commission to study the problem of what to do about the government running short of money is running short of money.

"President Obama's bipartisan fiscal commission is operating on a shoestring budget and some panel members and lawmakers worry that it may run short of money.

"The 18-member commission faces the daunting challenge of coming up with proposals by Dec. 1 to tame the federal government's trillion-dollar budget deficit. But the panel's own budget is only $500,000, barely enough to cover office rent and the salaries of four staff members.

"...Despite the seeming enormity of the commission's task, budget analysts say the panel doesn't need a huge staff because both the basic problems and the mix of possible solutions has been known for years...the Simpson-Bowles commission will eventually need to assess the impact of any potential proposals by running them through the complex budget modeling systems used in Congress and the executive branch."

Share this post


Link to post
Share on other sites

they could simply call Denninger...he'd do it for free.

Why cant Obama just look, and do.

no, he has a political aspect to every decision...whats the most popular way to cut?..is the wrong question.

course, high tech soup lines in the form of food stamps removes the problem from public view.

Share this post


Link to post
Share on other sites

Why cant Obama just look, and do.

no, he has a political aspect to every decision...whats the most popular way to cut?..is the wrong question.

course, high tech soup lines in the form of food stamps removes the problem from public view.

It's not so much the public he has to get on side as the Senate and House of Representatives and all the vested interests who lobby there.

If you look at the way the US's political system actually works, the President has naff all power.

Which can be a good thing. Imagine what a mess Dubya would have made if he'd actually been able to do stuff instead of being a glove puppet with a rubber stamp in its paw.

Share this post


Link to post
Share on other sites

It's not so much the public he has to get on side as the Senate and House of Representatives and all the vested interests who lobby there.

If you look at the way the US's political system actually works, the President has naff all power.

Which can be a good thing. Imagine what a mess Dubya would have made if he'd actually been able to do stuff instead of being a glove puppet with a rubber stamp in its paw.

yeah, but, he got voted in on a ticket if "Change".

Senators are voted in too.

Share this post


Link to post
Share on other sites

yeah, but, he got voted in on a ticket if "Change".

Senators are voted in too.

This is true, but what happens after they get voted in. Do they listen to their electorate (given that it's six years until the next election) or do they listen to the lobbyists who surround them every day they're in Washington?

Share this post


Link to post
Share on other sites

This is true, but what happens after they get voted in. Do they listen to their electorate (given that it's six years until the next election) or do they listen to the lobbyists who surround them every day they're in Washington?

thats true.

there should be a law against lobbyists.

these people should spend their spare time in the high street...although that is hard in the US.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.