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U.S. deficit report will emerge regardless of vote
WASHINGTON |
WASHINGTON (Reuters) - The co-chairmen of President Barack Obama's deficit commission on Friday said they will make public the panel's report on how to balance the U.S. budget even if it doesn't get enough votes from commission members to be submitted to Congress.
Former Republican Senator Alan Simpson and former White House Chief of Staff Erskine Bowles have already issued their recommendations aimed at cutting the deficit by reducing spending, eliminating tax breaks and modifying Social Security, Medicare and Medicaid.
But the commission's final report must win support from 14 of the commission's 18 members before it can be officially submitted to Congress for a vote, according to a mandate imposed by Obama.
The recommendations have drawn skepticism from both sides of the political spectrum, with Republicans rejecting proposed tax hikes and Democrats chafing at prospects for altering the Social Security retirement system or the Medicare and Medicaid healthcare programs for the elderly and poor.
But Bowles and Simpson told MSNBC they will issue the report regardless of how many votes it wins.
"We aren't going to make a whitewash. We aren't going to make it softer than it is today. It's going to be a tough report. If we get 14 votes, great. If we don't, then by God, we'll put it out there," Bowles said.
Added Simpson: "We will issue the report. We've told the administration."
The pair appeared on MSNBC's "Morning Joe" talk show program.
Bowles warned lawmakers not to ignore the recommendations, which also call for defense cuts and a hike in the gasoline tax but would reduce tax rates overall.
"They will be severely penalized if they take a walk and don't make these tough decisions and don't get real," said Bowles, predicting that no meaningful action to reduce the burgeoning deficit would bring "absolute disaster."
Voter concern about the federal deficit and mounting U.S. government debt helped Republicans oust the Democrats as the majority party in the House of Representatives in the November 2 elections.
But much of the debate since election day has focused on eliminating spending provisions known as earmarks, cutting waste and fraud, and trimming foreign assistance.
Simpson and Bowles will seek commission approval for their recommendations by December 1. They said Friday they expect the commission to meet again soon after Congress returns following next week's Thanksgiving holiday.
(Editing by Eric Beech)
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•Pass a balanced budget amendment.
•Establish a national goal that the national debt will be eliminated within a set period of time.
•Reduce the size and expenditures of the national government by a set percentage over a set period of time.
•Eliminate Federal subsidy programs.
•Eliminate unfunded federal mandates.
•Adjust the qualification age for Social Security and Medicare to reflect the increased life expectancy of Americans.
•Establish a national sales tax dedicated to retirement of the national debt.
•Consider entitlement payments as taxable income.
•Revamp our corporate tax system to make American businesses more competitive.
•Revamp our individual income tax system to ensure all Americans contribute fairly to the well being of our nation.
•Buy products made in America by Americans instead of less expensive foreign products.
If policies such as these are implemented will there be associated pain? Yes. Will many citizens and interests groups scream that they should be exempt? No doubt that will happen. Should I suffer any more or less than you? No. We either all pull our share of the load and save our country or we admit we lack the courage our time of trial required. We can then reminisce and tell our grandchildren about a great nation that existed a long, long time ago, the United States of America. Consider the national consequences of our existing condition.
Barry Turpin




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