The United States deficit keeps on soaring. So President Obama has come up with an idea. This idea is to create a deficit panel. This panel will be run by former White House chief of staff Erskine Bowles and former Republican Senate whip Alan Simpson. The President has yet to announce this, but a senior adminstration official stated this yesterday. This panel would be called the National Commission on Fiscal Responsibility and Reform. The deficit hit $1.4 trillion last year, and is expected to hit $1 trillion this year. Obama and his economic team have repeatedly said that this is not sustainable.
My Opinion: I feel that Obama just needs to stop spending as much money. Health care 'reform' would cost a lot of money too. We don't all need that. Maybe the 'reforms' should wait until the economy gets better.
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