Obama makes picks for debt commission
President Barack Obama's four appointments to the bipartisan debt panel he established last week include the head of manufacturing giant Honeywell and a former top-ranking Federal Reserve official.Obama will name David Cote, chief executive officer at Honeywell International, and former Federal Reserve Vice Chairman Alice Rivlin to the panel today, an administration official said. He will also appoint Andy Stern, president of the Service Employees International Union, and Ann Fudge, the former chief executive officer of Young & Rubicam Brands.
The only way this makes any kind of logical sense is that in order to sit on this panel, you need to have run up a bunch of debt that you have no hope in hell of paying off. That's something that Our Glorious Maximum Leader knows all about.