The fiscal commission met yesterday to discuss our nation’s rotten financial situation. Ultimately, the commission will be making recommendations for how to fix the problem: The safe money bets that it will be heavy on tax increases and light on spending cuts. Yet at least it’s nice to see that there is bipartisan agreement that the problem is dire.

The blog Bankrupting America has a round up of some of the best quotes from the meeting. My favorite quote came from Erskine Bowles, President Clinton’s former Chief of Staff, who quotes Rep. Ryan: “Paul Ryan who is a Congressman from Wisconsin said it best. He said, ‘this is the most predictable economic crises we’ve had in history.’ And it is. This nation is on autopilot and if we don’t change and make big changes we are going to face disaster.” Well said.