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What does "everything" mean when President Obama's debt commission tackles the nation's $14 trillion debt?
It could mean Obama's prized health care law.
The commission's co-chairs, Democrat Erskine Bowles and Republican Alan Simpson, told Fox after at a meeting today at the White House that Obama's newly minted health care law is not a sacred cow and must be scrutinized for future cost savings.
"When you talk about the health care problem in this country and you talk about trying to solve that over a six-month period," Bowles said, referring to the commission's Dec. 1 deadli
"Even under the administration's numbers, they only reduce spending the next ten years by $138 billion and by $1.3 trillion in the next ten years. We're gonna build up $10 trillion worth of debt just in the next 10 years."
Bowles said cost-cutting measures in the new health care law -- touted frequently by Obama and others as significant contributions to deficit and debt reduction -- were insufficient to deal with America's debt crisis.
That won't be easy. To forward a recommendation to Obama and Congress, 14 of 18 commission members must endorse it. That means serious bipartisan buy-in for the commission's 10 Democrats and 8 Republicans.