February 11th, 2010
06:02 PM ET
4 years ago

Obama to order creation of deficit panel in next 10 days

 President Obama will issue an executive order in the next 10 days or so to create a bipartisan commission on reducing the federal deficit.
President Obama will issue an executive order in the next 10 days or so to create a bipartisan commission on reducing the federal deficit.

Washington (CNN) – President Barack Obama will issue an executive order in "the next 10 days or so" to create a bipartisan commission on reducing the federal deficit, White House Press Secretary Robert Gibbs said Thursday.

Obama previously said he would use an executive order to set up the panel after the Senate rejected a bill sponsored by both Democrats and Republicans to do so.

The White House has cited opposition to the bill by several Republican senators who co-sponsored the legislation as an example of political game-playing in Washington.

The commission, composed of congressional Democrats and Republicans, will be asked to come up with recommendations for reducing the deficit. The recommendations are expected to include a mix of tax increases and spending cuts, including possible reduced benefits from entitlement programs such as Social Security.

Some Republicans have warned they could decide against serving on the panel because they fear it will be a vehicle for raising taxes.

Asked about possible GOP reluctance, Gibbs said, "We hope that Republicans - many of whom supported this commission before they had to vote on this commission and then they magically didn't support this commission - we hope that when the president signs this executive order and announces his picks for this commission, that they will demonstrate their seriousness in dealing with an issue of this magnitude by taking part in that commission."

Gibbs also said Obama remains opposed to raising taxes for Americans earning less than $250,000 a year, but the president would not "prejudge" the commission or its work.

"The president doesn't believe our economic growth ... should be predicated on raising taxes on middle-class families," Gibbs said. "But that being said, the president's just not going to get in the game of prejudging the outcome of a commission that ... hasn't been set up and hasn't met."


Filed under: national debt • President Obama
soundoff (37 Responses)
  1. Pragmatic

    The republicans wrote the bill, the President supported it so therefore – the republicans who wrote the bill were "forced' on "principal" to oppose anything the President supports .... even when its their own idea!

    Now the President will form a committee – the republicans will refuse to serve – then whine that 'we aren't included ...." lead, follow or get out of the way!

    February 11, 2010 06:09 pm at 6:09 pm |
  2. SocialismBad

    Do you think the panle's number 1 recommendation will be to IMPEACH OBAMA?!! It should be!!

    February 11, 2010 06:15 pm at 6:15 pm |
  3. Sniffit

    "opposition to the bill by several Republican senators who co-sponsored the legislation"

    Example? More like the EPITOME of partisan game-playing. If that doesn't exemplify for EVERYONE just how seriously these knuckle-dragging demogogues take the problems facing our nation, our economy and the middle-class, then nothing ever will. They should be drawn-and-quartered after being forced to eat a spoonfull of lye.

    February 11, 2010 06:16 pm at 6:16 pm |
  4. Peter s

    The obstructionist so called republicans again will oppose the noble course. You just need to check fox headlines such as this
    " Reid Scales Back Jobs Bill, Eliminates Key Bipartisan Elements". Then their propagada machine will be put at work!! " The public see! the Republicans have the real solutions"!! Pathetic bunch of egoistic opportunistic politicians.

    February 11, 2010 06:20 pm at 6:20 pm |
  5. Pat

    Create a problem then champion a way to fix it. Typical of government. Sure would have been nice if we listed to Ben Franklin and held on to our Republic.

    February 11, 2010 06:20 pm at 6:20 pm |
  6. Truth-Bomb Thrower

    WHY DOES THIS REQUIRE A PANEL? WASN'T OBAMA ELECTED (HIRED) TO MAKE THESE DECISIONS? Obama is such a democrat. He thinks all problems are solved by assigning more politicians and bureaucrats to study them. The only reason he is inviting republicans to participate is so he can blame them when the panel or its solution fails.

    CZARS AND PANELS.....JUST A WAY FOR OBAMA TO AVOID MAKING ANY TOUGH DECISIONS.

    February 11, 2010 06:21 pm at 6:21 pm |
  7. dan smith

    Obama has no backbone when it comes to Iran,so he'll certainly have no backbone when it comes to deficit reduction.

    February 11, 2010 06:22 pm at 6:22 pm |
  8. Liberal wing nut

    Ok whats the panel going to do tell him to stop spending?

    February 11, 2010 06:23 pm at 6:23 pm |
  9. dan smith

    Just like Obama-say one thing and then do just the opposite.what a retard.

    February 11, 2010 06:23 pm at 6:23 pm |
  10. dan smith

    Obama reduce the deficit-what a joke.

    February 11, 2010 06:24 pm at 6:24 pm |
  11. dan smith

    Obama worst President ever.

    February 11, 2010 06:25 pm at 6:25 pm |
  12. Jim, Williamsburg, VA

    More smoke and mirrors from the great equivacatorm Another attempt to disquise the march toward socialism and bankruptcy. November 2010 elections will end it and him.

    February 11, 2010 06:36 pm at 6:36 pm |
  13. Mike in MN

    I believe the only way to fix the Social Security and Medicare problem is to both cut benefits and raise the FICA and Medicare taxes. Both would be very unpolular ideas and so neither party is likely to have the guts to do it alone, these changes would have to be bipartisan.
    Outside of rasing the taxes for Social Security and Medicare, I agree with Republicans that the rest of the deficit reductions measurs should not raise taxes but should be limited to spending cuts. Get rid of the waste first and what we can live without second, but get rid of it.

    February 11, 2010 06:37 pm at 6:37 pm |
  14. mjm

    After you spend 3-4 trillion in 1 year? After you raise the debt limit....twice?

    It's a little late for your little panel. The deficit will be reduced once libs are voted out.

    February 11, 2010 06:48 pm at 6:48 pm |
  15. Gerry NH

    Hire me to be the only person on that commission. It's simple quit spending everything we have and don't borrow any more.

    February 11, 2010 06:49 pm at 6:49 pm |
  16. Mike, formerly from Syracuse

    Wow, a panel to tell us the obvious, that we need to stop spending like drunken sailors. Sorry, I apologize to drunken sailors. At least they spend their own money.

    February 11, 2010 06:51 pm at 6:51 pm |
  17. GI Joe

    The GOP will just say NO.

    After all, it might help the country. It might show THE GOP incompetence.

    February 11, 2010 07:01 pm at 7:01 pm |
  18. Alan

    Do we not already have such a panel?

    It's called Congress!!

    I don't know how much more this country can take of these people and their total lack of ability to govern!

    February 11, 2010 07:01 pm at 7:01 pm |
  19. Four and The Door

    The recommendations are expected to include a mix of tax increases and spending cuts, including possible reduced benefits from entitlement programs such as Social Security.
    ______________________________________________________
    Hey, I thought this was the job of congress! Oh, I guess if they were actually doing their job they might think they would get less support from their constituencies so instead Obama formed a "Thug" commission to do their dirty work. How more politically driven can he be? An executive order to create a commission to do congress's dirty work so he can deflect blame on the Democratic controlled congress and himself. Slick Barry.

    February 11, 2010 07:03 pm at 7:03 pm |
  20. GI Joe

    "The White House has cited opposition to the bill by several Republican senators who co-sponsored the legislation as an example of political game-playing in Washington. "

    Guess that tell us, doesn't it? They DO not want to reduce the deficit.

    Remember Cheney? "Deficits don't matter"

    February 11, 2010 07:05 pm at 7:05 pm |
  21. jules sand-perkins

    The Republicans did not do to the deficit what President Obama did likity-split after taking office.
    He's trying to make them look bad because he spent too much money.

    February 11, 2010 07:17 pm at 7:17 pm |
  22. ib

    Oh now he wants to raise taxes after spending the country into being brankrupt. Surprise; surprise!!!!!!!!!!!!!!

    February 11, 2010 07:19 pm at 7:19 pm |
  23. Reduce

    The best way for him to reduce the deficit is for him, pelosi and reid to pack up and leave washington. Worst economic leaders this country has ever seen.None of them can grasp the concept of simple economics.

    February 11, 2010 07:21 pm at 7:21 pm |
  24. Carmelle

    The POTUS would get a lot of good things done for this country if he didn't have to f'n deal with such a dead institution such as Congress. Haiving to do things that are not necessary just to please both parties and their constituents.

    He is neither an ideologue nor a socialist. From the shoe-bomber to Haiti...the guy makes the right calls when he's the one who calls the shots. This shows that he is serious about reducing the deficit. Repubs will spin and lie and deny that it even exists.

    February 11, 2010 07:23 pm at 7:23 pm |
  25. Taylor

    Obama please please please stop trying to play nice with the Repugs and get off your Ass do something for the people who voted for you.

    February 11, 2010 07:30 pm at 7:30 pm |
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