National Commision on Fiscal Responsibility and Reform
Above is a link to a two-and-a-half hour video from the public hearing of “The Debt Commission” yesterday. If you’re wondering where the new austerity program for the U.S. is going to emanate from, this is the spot. How smooth is Erskine Bowles? He’s a smooth as silk. How rough is former Wyoming Senator Alan Simpson? He’s as rough as a sandpaper.
If you watch the video, you’ll have the opportunity to listen to the senator wax eloquently while he weaves the occasional curse word into his rhetoric for increased effect. If you listen to Mr. Bowles, you will hear the fact that 2/3 – 3/4 of the recommended cost reductions will come from cuts in government spending. What does that mean? Here at TradeWithDave.com we think that means your Social Security benefits are fixin’ to be cut big time.
[...] Here’s a link to a previous blog post on the leadership of this committee: http://tradewithdave.com/?p=1504 [...]