Hopeless

From a June 3rd Tax Notes Today:

Fiscal Commission Bemoans Lack of Resources
Eric Kroh

Saddled with a tight deadline and great expectations, members of President Obama's deficit reduction commission say they may not have the resources necessary to meet their task.

The National Commission on Fiscal Responsibility and Reform, which the president created through an executive order in February, is charged with developing a plan by December 1 that would stabilize the budget deficit by 2015 and reduce the federal debt over the long term. The group is widely expected to consider a combination of tax reforms and spending cuts.

But despite the weighty demands, the panel has only a fraction of the staff and budget of standing congressional committees. The panel's own cochairs and Senate Majority Leader Harry Reid, D-Nev., have criticized the meager resources and called for more support.

Or, as TaxProf Blog quips, "Deficit Reduction Commission Seeks Increase in its Budget".

At the same time, the U.N. group managing the Framework Convention on Climate Change is broke. Or, as Greg Pollowitz says on Planet Gore, "the same people who want to impose economic restrictions on the entire planet can’t manage their own cash-flows."

We've seen this movie before, by both Jonathan Swift and Augustus De Morgan:

Great fleas have little fleas upon their backs to bite 'em,
And little fleas have lesser fleas, and so ad infinitum.

(via Instapundit)