Tuesday, January 26, 2010

Deficit Reduction Commission will be a bust

Despite the necessity of reducing or even eliminating our federal budget deficit in order to maintain sound fiscal policy, I will wager the formation of a Deficit Reduction Commission, if enacted, will end up being largely impotent, as earmarking will de-fang any initiatives coming out of the commission.

It's a nice gesture to fiscal conservatives, but it will be just another bureaucratic boondoggle, corrupted by conflicting special interest groups.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/23/AR2010012302429.html

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