Obama endorses deficit commission plan
Politico
Jan 23, 2010
Trying to win the votes of fiscal moderates, President Barack Obama formally endorsed legislation Saturday creating an independent commission with the power to force Congress to vote on major deficit reduction steps this year, after the November elections.
Obama’s statement gives new momentum to efforts in the Senate now to attach such legislation this coming week to a pending debt ceiling bill. But the endorsement comes so late that it risks being seen as just a ploy to win over swing Democratic senators whose votes the White House needs to lift the federal debt ceiling.
“The President is demonstrating exactly the kind of leadership we need to tackle our nation’s long-term fiscal challenges,” said Senate Budget Committee Chairman Kent Conrad (D-N.D.), a lead sponsor of the legislation to create an independent deficit commission. “His support shows that he is determined to do what is necessary to put us back on a sound long-term course.”
But support in the Senate has so eroded in the past month that one Republican senator told POLITICO Saturday that “the horse is already out of the barn,” and getting the 60 votes needed for passage will be next to impossible.
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SOURCE:
http://www.politico.com/news/stories/0110/31899.html
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