President Barack Obama is announcing a new effort to establish fiscal reform that works for everyone.
President Obama said he’s signing an executive order to create a bipartisan National Commission on Fiscal Responsibility and Reform. The group is tasked with recommending ways to address national financial problems which have been put on the back burner.
“For far too long, Washington has avoided the tough choices necessary to solve our fiscal problems – and they won’t be solved overnight,” the president said before announcing that Erskine Bowles and Alan Simpson would lead the commission. “I’m confident that the Commission I’m establishing today will build a bipartisan consensus to put America on the path toward fiscal reform.”
The commission will have a total of 18 members from both chambers of Congress. Democrats will be able to appoint six members to the panel, and so will the Republicans. President Obama will pick the remaining six members of the commission, but no more than four of them will be from the same political party.
“This is one of the most critically important challenges facing the country today and it has be addressed in a bipartisan manner,” said Erksine, a former White House chief of staff. “This is not a Republican or Democratic problem– this is a challenge for America.”
The biggest challenge facing the commission will be finding a way to put the national budget in primary balance. Alan, a former Republican Senate Whip, knows that may be a tall order to fill. Still, Alan said he’s pleased to accept the new position and the responsibilities that come along with it.
“We find ourselves in a difficult fiscal situation that is unsustainable,” he said. “Whatever the results of our work, the American people are going to know about a lot more where we are headed with an honest appraisal of our situation and the courage to do something about it.”
— Sonya Eskridge