In what some have called an anti-climactic end to an eight-month ordeal, President Obama’s “National Commission on Fiscal Responsibility and Reform” released its final report on what to do about the deficit and debt. Not much is expected to result from this report, in part because much of it won’t be approved by the commission itself. Although approved by a majority of the commission’s members, 14 of the 18 members must approve the final product for it to actually get passed by the panel. And even then, Congress is not obligated to create legislation based on the panel’s recommendations.
Daily Archives: December 1, 2010