the president established his debt commission today. what do you think of that? is he going to tell us we re in debt? we raised the debt ceiling to almost $13 trillion and it s out of control. we need to get a handle on spending. i have been pushing during the election for an across the board tax cut, a payroll tax reduction to get the economy immediately jolted. we need bold leadership on fiscal issues. the commission will tell us we re overspending. we know that. the commission would have anywhere from nine months to a year to decide that. by that time we could be in a bigger hole. of course. they should just say yes we re in trouble and need to start working. everybody knows t t it s a waste of paper and we need to get people back to work. we need bold action, put a freeze on spending a freeze on
for big. that s how big this is, because it s $858 billion. that s more than the t.a.r.p. bank bailout. that s more than the obama stimulus package. and the highest estimate i found on jobs is that it will create 2.2 million jobs. we need every one of them. that s $390,000 a job, though, glor gloria. should he have held out longer? of course. he had until december 31st at least. i have more faith in barack obama than barack obama does. if he went out and campaigned for his ideas and making those of us who are blessed pay a little more he could have won the fight. i m not sure he should have held out longer. he might have started earlier on dealing with the tax issues before even the fall, maybe he should have started last spring or whatever. when you look at the additional things that the president got in this bill, when you talk about the earned investment tax credit, tuition tax credit, all kinds of things, the 2% payroll