According to a Bureau of National Affairs article (subscription required) from earlier today, Erskine Bowles and Alan Simpson, co-chairs of the 18-member panel created by President Obama to devise strategies for reducing the nation's debt and deficits, have sent a letter to members informing them that the panel's first meeting will commence April 27. Formally known as the National Commission on Fiscal Responsibility and Reform (NCFRR?), the panel has a disastrously devised procedural process that is likely to produce either gridlock or, at best, water downed recommendations.