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

Obama to order creation of deficit panel in next 10 days

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/02/11/art.bopt0211.gi.jpg caption=" 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. annie against biased news

    And how much do we the taxpayers have to pay the communist deficit panel that obama will form? As an after thought how much of our taxpayer dollars are going to his czars and to michelles 37+ slaves/servants? Gibbey should write on his hand everyday what he says so he doesn't speak the opposite the next day!

    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."

    So in other words obama is planning on raising taxes on everyone so he can keep his free fall spending going.

    February 11, 2010 07:31 pm at 7:31 pm |
  2. http://twitter.com/whybs

    Show them how it should be done with bipartisanship! If the GOP continues its partisan way, sock it to them with reconciliation. There is no way around it!

    February 11, 2010 07:34 pm at 7:34 pm |
  3. aware

    The great majority of Americans don't believe you Obama. Your Obfuscating rheroric no longer influences anyone! 🙁

    February 11, 2010 07:48 pm at 7:48 pm |
  4. CAW in MD

    It doesn't matter if Republicans serve or not. The original suggestion for this committee was that 14 of the 18 members had to agree on something for it to become a recommendation. If Republicans serve, they will block any recommendation that raises taxes, which means that this commission is already dead. It is mathematically impossible (not hard, impossible) to solve the debt problem through cuts only unless they are on a 50 year plan, which is just ridiculous.

    If Republicans don't serve, they'll keep bleating about how Obama is so partisan because he won't agree to their very reasonable (to them) demands to take tax increases off the table.

    The only purpose this committee will serve is to definitively show Republicans as the obstructionists they are. While that may be worthwhile, it doesn't really solve the debt problem.

    February 11, 2010 07:49 pm at 7:49 pm |
  5. Kat

    It's just plain stupid... Czars, Panels, committes, How much is this costing us? If you had half a brain you wouldn't need all these people telling you what to do at the taxpayers expense.

    February 11, 2010 07:50 pm at 7:50 pm |
  6. global warming

    He could lay gibbs, pelosi,,rahm and reid off, which would reduce the air conditioning needs in washington, because there would be a lot less hot air being set loose, which would lower the energy bill at the white house and the capital, which would in turn lower the deficit. Problem solved

    February 11, 2010 07:54 pm at 7:54 pm |
  7. Jeff Spangler, Arlington, VA

    The root causes of spending more than our income have been studied to death for decades. Just say no to another cowardly attempt by our first (and last) Negro President and his Congressional leaders to kick the can down the road. What we lack is the political will to do the most effective things like needs-basing of Social Security despite the howls of the dumb and greedy proletariat. I don't expect any results. We are slowly sinking with no hope of change.

    February 11, 2010 08:34 pm at 8:34 pm |
  8. Jenn, Philadelphia

    Who says President Obama isn't creating jobs? There's a new commission popping up almost daily.

    February 11, 2010 08:37 pm at 8:37 pm |
  9. found work without help of stimulus or obama

    another Obama czar, just what we need, more BUMS on our tax dollars.

    February 11, 2010 08:53 pm at 8:53 pm |
  10. Perusing-through


    When 10 Republicans help co-sponsor legislation to set up a deficit commission to find ways to lower the deficit; and then 10 Republicans back out of their own bill that they sponsored, solely because the President decides to join the Republicans bill; than yes, the REPUBLICANS ARE PLAYING GAMES.

    February 11, 2010 08:58 pm at 8:58 pm |
  11. Mike in MN

    Is Obama going to really get serious about reducing the deficit? Let's all hope so.
    If he does independents will know Obama is moving to the right because of the Brown win. And they will restore Congress to Republicans in 2010 and 2012 to keep Obama honest on centerist policy. If Obama really does move to the right, independents might even relect him in 2012.
    If Obama does not make a real move to the right. Independents will still restore Congress to Republicans in 2010 and 2012 to give him no choice. If Obama is not willing to move to the right before 2012 indpendents may vote him out.
    Either way Pelosi and Reid are done.
    Independents like a balance of power and know the two best streches in recent history of a stong economy occured under Reagan with a Democrat congress and under Clinton with a Republican congress. So we can all say good by to the Pelosi and Reid leadership and probably say good by to Reid as a Senator.

    February 11, 2010 08:59 pm at 8:59 pm |
  12. D.

    This should have been done January 21st. But, the president will still claim it is Bush's fault it was not done then.
    We live in absurd times where the majority of the people's concerns are easily ignored for a bunch of special interest groups.

    February 11, 2010 09:01 pm at 9:01 pm |
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