As a report from CNN states, the Plan B deal would give the President a blank check debt limit increase in return for another “commission meant to find more major spending cuts, tax increases and entitlement reforms.”
We don’t need another useless commission, and we don’t need more tax increases to grow the federal government even larger.
We need to cut spending, cap spending and pass a balanced budget amendment to force Washington to stop spending more than we’re bringing in.
No more tax-hike commissions. We must pass Cut, Cap & Balance.
3 Decades, 17 Commissions, $13 Trillion in New Debt
January 1982 – Commission on Fiscal Accountability of the Nation’s Energy Resources — Debt at $1.14 Trillion
January 1983 – National Commission on Social Security Reform – - Debt at $1.20 Trillion
January 1984 – Executive Committee of the President’s Private Sector Survey on Cost Control in the Federal Government aka – Grace Commission — Debt at $1.43 Trillion
July 1993 – National Commission on Financial Institution Reform, Recovery and Enforcement – Debt at $4.35 Trillion
September 1993 – From Red Tape to Results: Creating a Government that Works Better and Costs Less (Gore Commission) – Debt at $4.41 Trillion
October 1997 – National Bipartisan Commission on the Future of Medicare – Debt at $5.42 Trillion
February 1999 – Commission to Study Capital Budgeting – Debt at $5.62 Trillion
December 2001 – The President’s Commission to Strength Social Security – Debt at $5.94 Trillion
August 2005 – National Surface Transportation Infrastructure Financing Commission – Debt at $7.92 Trillion
November 2005 – President’s Advisory Panel on Federal Tax Reform – Debt at $8.09 Trillion
October 2008 – Congressional Oversight Panel (Emergency Economic Stabilization Act) – Debt at $10.57 Trillion
February 2009 – President’s Economic Recovery Advisory Board – Debt at $10.87 Trillion
May 2009 – Financial Crisis Inquiry Commission – Debt at $11.32 Trillion
September 2010 -The Committee for a Responsible Federal Budget (CRFB) comprehensive report titled The Future is Now: A Balanced Approach to Stabilize the Public Debt and Promote Economic Growth – Debt at $13.56 Trillion
November 2010 – Peterson-Pew Commission on Budget Reform – Getting Back in the Black – Debt at $13.86 Trillion
November 2010 – Bipartisan Policy Center (Domenici / Rivlin) – Restoring America’s Future – Debt at $13.86 Trillion
December 2010 – National Commission on Fiscal Responsibility and Reform (Fiscal Commission) – Debt at $14.02 Trillion
Let’s see here $10.87 Trillion before Obama, and now $14.3 Trillion. Obama’s minions have managed to increase our debt 31% in 30 months without ever passing a budget!