PrintFebruary 22, 2010
Knights or Fools?
Amidst the usual fanfare, President Obama signed the executive order deputizing Erskine Bowles and Alan Simpson to head up his Debt Reduction Commission. "Without action, the accumulated weight of that structural deficit, of ever-increasing debt, will hobble our economy, it will cloud our future, and it will saddle every child in America with an intolerable burden," Obama exhorted the signing ceremony spectators. Of course, he is conveniently ignoring his own obese budget unveiled a few days before, while still cheerleading his party's grotesque cap-and-tax and health care monstrosities that have little hope of passage against daunting odds.Bowles and Simpson are two more knights errant sent forth on a noble quest to find the Holy Grail. Will they return empty-handed? At least a dozen distinguished peers have been likewise brevetted for similar errands by past presidents Clinton, Reagan, and Ike. Harry Truman even commissioned former President Herbert Hoover in 1947 to...(Read Full Article)
