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POTUS to sign executive order to form debt commission on Thursday

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I AM NOT THAT GUY   5,715

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A White House official tells ABC News that President Obama on Thursday will sign an executive order establishing the bipartisan National Commission on Fiscal Responsibility and Reform, to make recommendations on how to reduce the skyrocketing national debt.

The commission will be co-chaired by former President Bill Clinton’s former White House Chief of Staff Erskine Bowles and former Sen. Alan Simpson, R-Wyoming, the former Senate Republican Whip.

President Obama has expressed frustration with the fact that a congressional move to form a such a commission was defeated in the Senate with seven Republicans who had originally co-sponsored the legislation voting against it, expressing concern that it could lead to tax increases.

http://blogs.abcnews.com/politicalpunch/20...n-thursday.html

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