President Obama's National Commission on Fiscal Responsibility and Reform couldn't get enough of its members to approve its own recommendations or to find the 14 votes needed to send its proposal to Congress. But don't count out deficit reduction yet.
President Obama's blue-ribbon, bipartisan panel proposed today perhaps the most sweeping spending cuts in U.S. history to prevent the federal budget from careening off a fiscal cliff into never-ending debt. Here's the commission's hit list.
Sounds like a joke, but, no, it's just politics: President Obama's National Commission on Fiscal Responsibility and Reform, which is tasked with developing a plan to get the deficit under control, is itself being starved of the funds it would need to operate effectively.