12/08/10 Alexandria, Virgina — The co-chairmen of President Barack Obama’s National Commission on Fiscal Responsibility and Reform — former Wyoming Senator Alan Simpson and University of North Carolina President Erksine Bowles — have called for increasing taxes and cutting spending in order to trim some $4 trillion from the nation’s budget over the next ten years.
Predictably, the plan will never see the light of day, as the commission failed to get the votes required for Congress to even take a look at the recommendations. At least both parties can come to an agreement on some matters… such as the “adult stuff” highlighted below.
This cartoon came to our attention via The Mess That Greenspan Made, in its post on how now both sides are talking about the deficit.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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