President Plans Own Panel on the Debt
By JACKIE CALMES
January 26, 2010
WASHINGTON — Advocates of more aggressive steps to address the national debt failed Tuesday in their effort to create a bipartisan commission to press for tax increases and spending cuts, but President Obama now plans to establish a similar panel by executive order in his State of the Union address on Wednesday.
The alternative panel to be established by Mr. Obama will also come up with recommendations by December to reduce annual budget deficits and slow or reverse the growth of the national debt. But unlike the commission proposal killed by the Senate, Mr. Obama’s executive order could not force Congress to vote on a commission’s suggestions.
The proposal, co-sponsored by Senator Kent Conrad, Democrat of North Dakota, the chairman of the Budget Committee, and Senator Judd Gregg of New Hampshire, the committee’s senior Republican, called for an 18-member commission — eight lawmakers from each party and two administration officials — to draft a package that Congress would have to vote on in December without amending it.
One of the most vocal opponents was Senator Max Baucus, Democrat of Montana, the chairman of the Senate Finance Committee. He said the bill’s sponsors had “painted a big red bull’s-eye on Social Security,” adding, “Their commission is a Social Security-cutting machine.”
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http://www.nytimes.com/2010/01/27/us/politics/27budget.html