Tuesday, June 8, 2010

Commission on Fiscal Responsibility Going Broke


From The Heritage Foundation:

President Obama’s bipartisan fiscal commission is operating on a shoestring budget and some panel members and lawmakers worry that it may run short of money.

The 18-member commission faces the daunting challenge of coming up with proposals by Dec. 1 to tame the federal government’s trillion-dollar budget deficit. But the panel’s own budget is only $500,000, barely enough to cover office rent and the salaries of four staff members.

And though the White House and Treasury have loaned the panel experts from their own payrolls, and several think tanks are helping as well, the total full-time staff currently is only about 15 people and not expected to exceed 20. Money is so tight that the commission recently abandoned hopes of holding field hearings around the country to gather views from outside of Washington.

1 comment:

Mike West said...

They will probably form another commission to figure out how to save the commission on fiscal irresponsibility that has no money.