Known by many as "The Catfood Commission" for the rather drastic effects it would have on the the middle-class and the poor in this country, the National Commission on Fiscal Responsibility and Reform (also known as the Deficit Reduction Commission), an ill-conceived creation of the increasingly disappointing and overrated mind of President Obama, has released its findings/proposals earlier this week.
Paul Krugman has a rather fierce dissection of the commission's work in today's NYT op-ed. Consider this excerpt: "[H]ow, exactly, did a deficit-cutting commission become a commission whose first priority is cutting tax rates, with deficit reduction literally at the bottom of the list?" Good question, Prof. Krugman.
You can find the complete answer in Krugman's op-ed, The Hijacked Commission.