🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

A commission for tough fiscal issues

Jeremy Hobson Jun 24, 2008
HTML EMBED:
COPY

A commission for tough fiscal issues

Jeremy Hobson Jun 24, 2008
HTML EMBED:
COPY

TEXT OF STORY

Scott Jagow: In Congress today, the focus is on those two untouchables: Social Security and Medicare. A House committee looks at ways to deal with the issues rather than avoid them. Jeremy Hobson has more from Washington.


Jeremy Hobson: The Budget Committee will hear from David Walker of the Peterson Foundation. He’s in favor of creating a bi-partisan commission by next year to give politicians cover from issues they’d rather not touch.

David Walker: Tough choices are going to have to be made, and the commission may provide a means for those choices to be made sooner rather than later.

Bob Greenstein of the Center on Budget and Policy Priorities will also testify — but he doesn’t think a commission is the way to solve tough fiscal challenges.

Bob Greenstein: I say that as someone who was a commissioner on the last deficit reduction commission, which was a complete failure.

Greenstein says legislation to create a commission should be put on hold until there’s a new president and a new Congress. But he says elected leaders will still have to do the tough negotiating themselves.

Greenstein: A commission cannot succeed in forcing the speaker, the president, the majority and minority leaders to reach agreement if they’re not inclined to do so.

In Washington, I’m Jeremy Hobson for Marketplace.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.