2010Facing a $1.6 trillion deficit, President Obama creates the National Commission on Fiscal Responsibility and Reform. 1993:Facing a $260 billion deficit, President Clinton appoints a Bipartisan Commission on Entitlement and Tax Reform.The commission’s recommendations (which were not implemented):http://retirement.gov/policy/docs/ssb/v58n2/v58n2p74.pdf 1992From the…