Debt Panel

I was rather skeptical about Obama’s Deficit Panel, but Nancy Pelosi’s statement upon it’s initial release has me hopeful. The highlight from Nancy’s statement:

This proposal is simply unacceptable.

Ba haa haaaa haaa.

Lawmaker reaction was mixed, suggesting any final plan will be weaker than the one released Wednesday. Sen. Judd Gregg (R., N.H.), the top Republican on the Budget Committee and a panel member, called it “a genuine product that deserves very serious attention.”

But liberal panel members were less enthusiastic. Sen. Richard Durbin (D., Ill.) said he wouldn’t vote for it, saying that “there are things in there that I hate like the devil hates holy water.”

Some important interest groups were sharply critical, particularly over curbs on entitlement spending. The plans authors “just told working Americans to ‘Drop Dead,”‘ said AFL-CIO president Richard Trumka. “Especially in these tough economic times, it is unconscionable to be proposing cuts to the critical economic lifelines for working people, Social Security and Medicare.”

So Dick Durbin hates it, as does the AFL-CIO president. Perhaps there’s something good in there?

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