The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform

December 2010



Throughout our nation’s history, Americans have found the courage to do right by our children’s future. Deep down, every American knows we face a moment of truth once again. We cannot play games or put off hard choices any longer. Without regard to party, we have a patriotic duty to keep the promise of America to give our children and grandchildren a better life.

Our challenge is clear and inescapable: America cannot be great if we go broke. Our businesses will not be able to grow and create jobs, and our workers will not be able to compete successfully for the jobs of the future without a plan to get this crushing debt burden off our backs.

Ever since the economic downturn, families across the country have huddled around kitchen tables, making tough choices about what they hold most dear and what they can learn to live without. They expect and deserve their leaders to do the same. The American people are counting on us to put politics aside, pull together not pull apart, and agree on a plan to live within our means and make America strong for the long haul.

As members of the National Commission on Fiscal Responsibility and Reform, we spent the past eight months studying the same cold, hard facts. Together, we have reached these unavoidable conclusions: The problem is real. The solution will be painful. There is no easy way out. Everything must be on the table. And Washington must lead.

We come from different backgrounds, represent different regions, and belong to different parties, but we share a common belief that America’s long-term fiscal gap is unsustainable and, if left unchecked, will see our children and grandchildren living in a poorer, weaker nation. In the words of Senator Tom Coburn, “We keep kicking the can down the road, and splashing the soup all over our grandchildren.” Every modest sacrifice we refuse to make today only forces far greater sacrifices of hope and opportunity upon the next generation.

Over the course of our deliberations, the urgency of our mission has become all the more apparent. The contagion of debt that began in Greece and continues to sweep through Europe shows us clearly that no economy will be immune. If the U.S. does not put its house in order, the reckoning will be sure and the devastation severe.

The President and the leaders of both parties in both chambers of Congress asked us to address the nation’s fiscal challenges in this decade and beyond. We have worked to offer an aggressive, fair, balanced, and bipartisan proposal – a proposal as serious as the problems we face. None of us likes every element of our plan, and each of us had to tolerate provisions we previously or presently oppose in order to reach a principled compromise. We were willing to put our differences aside to forge a plan because our nation will certainly be lost without one.

We do not pretend to have all the answers. We offer our plan as the starting point for a serious national conversation in which every citizen has an interest and all should have a say. Our leaders have a responsibility to level with Americans about the choices we face, and to enlist the ingenuity and determination of the American people in rising to the challenge.

We believe neither party can fix this problem on its own, and both parties have a responsibility to do their part. The American people are a long way ahead of the political system in recognizing that now is the time to act. We believe that far from penalizing their leaders for making the tough choices, Americans will punish politicians for backing down – and well they should.

In the weeks and months to come, countless advocacy groups and special interests will try mightily through expensive, dramatic, and heart-wrenching media assaults to exempt themselves from shared sacrifice and common purpose. The national interest, not special interests, must prevail. We urge leaders and citizens with principled concerns about any of our recommendations to follow what we call the Becerra Rule: Don’t shoot down an idea without offering a better idea in its place.

After all the talk about debt and deficits, it is long past time for America’s leaders to put up or shut up. The era of debt denial is over, and there can be no turning back. We sign our names to this plan because we love our children, our grandchildren, and our country too much not to act while we still have the chance to secure a better future for all our fellow citizens.

Sounds comforting doesn’t it?

Full report below…



Report of the National Commission on Fiscal Responsibility and Reform

6 Responses to “The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform”
  1. Equity Free says:

    This BS is more of the same old BS, AKA Balanced Budget Act of 1997. Why would one spend 75 million on a job that pays 132K annually? There are over a billion good reasons . Connect the frauds ….

  2. Elyse says:



    Unbelievable that these guys were even voted back into some power? WHAT ARE AMERICAN’S THINKING?
    The Republican’s will NEVER do ANYTHING to help the people…they only help themselves and it is proven year after year after year!

    Our future is in the hands of idiot’s who are focusing on saving money, not making money….
    Don’t Ask, Don’t Tell? Who cares, SAVE OUR HOMES AND BRING BACK OUR JOBS!!

    Their focus is moving away from the foreclosures and the media is allowing it…

    Scary times…no jobs, no money and no future with these guys in Congress!!
    Come On President Obama…don’t cave in to this crap, you have much bigger fish to fry!

    • MK says:

      I will be posting some pretty horrifying revelations about the criminality in the US government. If you really want to see things get cleaned up, you will read it and then get in touch with your Congresspeople and DEMAND an investigation, followed by Prosecution and Incarceration of everybody involved even if they are current or former Presidents. A body rots more easily from the head down.


      • J A says:


        I look forward to your posts. We need to get all the secret deeds out in the open.

        Concerning this commission report posted here, OF COURSE there is not one word about the billions we waste PER WEEK on the useless war in Afghanistan, and all the money the MIC wastes in general. That is what is breaking our country’s back and we all know it, but naturally the pols refuse to touch that sacred cow. It makes me sick to even think about it.

        And I pray that God will surround Julian Assange with a mighty shield of protecting angels and that he releases the info he has on the banks as soon as possible and before the timeframe he has stated so that it catches all the real criminals by surprise.

      • Lucia says:

        COOL MK! When are you going to do this? I hope sooner rather than later. EVERYTING just needs to come out in the open so we can all deal with whatever it is and make plans.

  3. Write to the Attorney General Elect Pam Bondi, let her know that we are vigilant and will never allow her to just walk away from the prosecution of the real criminals behind the foreclosure mess.

    Open Letter to Attorney General Elect Pam Bondi Transition Team

    We see that in Attorney General elect Bondi’s Transition team, attention is paid to every issue and every on- going investigation to defeat and overturn the National Heath Care Initiative, Medicaid fraud, Medicare fraud, etc… What we do not see is any initiative or transition group dealing with the most serious issue affecting millions of Floridians and the nation in general, that is BANK MORTGAGE FRAUD! No, we are not talking about the few million dollars in mortgage fraud generated by criminals who lied in their loan applications to obtain loans for property; no, we are talking about thieves in business suits, bank CEO’s and corporate hoodlums that created the largest Ponzi scheme in the worlds history that has crippled our economy, the world economy and that has disenfranchised millions of Americans from the rightful ownership of their homestead property.

    We just hope and pray that the new Attorney General does not think that this is a problem she will be able to ignore or just sweep under the rug, as this problem is a million times bigger than any issue currently before her office and it will not be ignored, that is a promise that WE THE PEOPLE can guarantee!

    Americans United for Justice…

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