Alan Simpson and the Catfood Commission want to default on the Treasury Bonds held by the Trust Fund. Sovereign default is dirty words; so they come up with stupid to hide their intentions.

The National Commission on Fiscal Responsibility and Reform was organized by the President to get recommendations for cutting benefits and raising taxes on middle Americans. They can’t imagine any alternatives, certainly not taxing the rich, who have already suffered hurt feelings from all that ugly talk about their little screw-ups. In the process it gives the Social Security haters yet another forum. Here’s an excerpt from the incoherent Alan Simpson, a grumpy old man who used to be a Senator from Wyoming, until he quit:

President Obama says nothing, even Social Security, is out of bounds for deficit reduction. This time he has to choose: average people or the rich. There isn’t some foolish compromise out there that will bring bipartisan support. There isn’t any way to triangulate against the dirty hippies. It’s us or them.