Archive for the ‘Budget’ Category

“Super Failure?”

This article has been posted at The Huffington Post.

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With a looming deadline the Super Committee is under tremendous pressure.

As November 23rd closes in, the 12 members of the Super Committee (Joint Select Committee on Deficit Reduction) are being approached, attacked, pushed, cajoled, advised, and pressured, from all sides.

The difficult task of finding $1.5 trillion in deficit reductions has fallen into the laps of 12 hand selected members of Congress, six from the House and six from the Senate. Some have called it a daunting task. One-point-five trillion does seem like a lot of money! But their time horizon is 10 years.

An entire decade to reduce the deficit by only $150 billion a year?

Seriously?

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Posted in Budget, Election 2012, HuffPost Articles, Politics | Comments Off

“SuperCommittee? Or SuperFluous?”

Congressional leaders selected 12 members to the new Super Committee!

A committee of eleven men and one woman have been chosen to fix the deficit; a deficit that was set in motion 30 years ago.

They begin work this week, charged with the daunting task — given the current partisanship in Congress — of reversing the spiraling deficit. They already have many obstacles to overcome.

Others have introduced proposals to rein in congressional spending, but each has been rejected for varying reasons.

Can this group find success when others have failed?

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Posted in Budget, Economy, Election 2012, HuffPost Articles, Politics, Rebalancing America | Comments Off

“Key Elements to Lowering the Deficit”

This article was posted on The Huffington Post 9/6/11. To read it on HuffPo click on the link.

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Nearly everyone agrees — the deficit is a problem and must be fixed.

Fixing this recessionary deficit will take time. Lots of time… and sacrifice. Lots of sacrifice!

There is no agreement in Congress on how deficit reduction can be fairly accomplished but, honest discourse is an absolute necessity. A few reasonable adjustments could put deficit reduction on a positive path in the short-term. There is much more involved in developing a long-term solution, but it’s also easily achievable.

Short-term, seven key elements must be considered including raising taxes and closing loopholes to increase revenues. Anyone who tells you we have a spending problem, not a revenue problem, and refuses to raise taxes is either ignoring the truth or stupid.

What will it take to restore fiscal responsibility?

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Posted in Budget, Economy, Healthcare, HuffPost Articles, Jobs, Opinion, Politics, Rebalancing America, Taxes | Comments Off

“Republicans Run From the Truth: Again!”

This new article has been posted at The Huffington Post and on wsj.com.To read it there click on the link.

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Like spoiled children the remaining two Republicans quit bipartisan budget talks.

Majority Leader, Eric Cantor, and Senator, Jon Kyl, the last two GOP members, left the Biden chaired budget negotiations.

But this is not the first time Republicans have quit.

Because things weren’t going his way, Senator Tom Coburn, left the Gang of Six. Sarah Palin continues to quit everything she starts, more recently her big bus vacation. And Republicans have, over and over, abandoned positions they had previously supported as soon as the Democrats or Obama endorse them, even if they’re good for the nation.

This time, the consequences may be more serious—the results far more devastating.

Why, when negotiations reach critical points, do Republicans take their ball and head home?

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Posted in Budget, Economy, Election 2012, HuffPost Articles, Politics, Republican Crises | Comments Off

“And Then There Were Five!”

New article posted on The Huffington Post. Click on the link to read it on HuffPo.

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The Gang of Six loses one Republican over cuts to Medicare.

Last Tuesday, Senator Tom Coburn announced he was leaving the Gang of Six, citing differences between he and his colleagues over cuts in Medicare.

The six Senators had been meeting for over five months to develop a fiscal plan to stabilize the American economy and, hopefully, be acceptable to both parties in both houses of Congress.

Four of the six members were part of the President’s Deficit Commission. Like Senator Coburn, the other three, Senator’s Crapo, Conrad, and Durbin, supported the recommendations of the commission though it failed to get the votes needed to be formally considered by Congress.

What caused Coburn’s departure, and how will it affect the workings of the group?

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“The Gang of Six”

Three Republicans and three Democrats search for budget compromise!

A bipartisan group, six Senators, have spent months pounding out a compromise they hope to persuade Congress to adopt; a plan that will reduce the deficit, create jobs, and turn the U.S. economy around.

Senators Mark Warner (VA), Dick Durbin (IL), Kent Conrad (ND) and Tom Coburn (OK), Saxby Chambliss (GA), and Tom Crapo (ID), after months of meeting behind closed doors may not be able to complete a deal as budget talks begin in earnest now that Congress has returned from its two week recess.

Since they’ve been meeting in almost complete secrecy it’s difficult to predict what their proposal will contain. Difficult to know what they agree on and what they differ on.

Unlike the Ryan Plan which was passed by the House a few weeks ago, the bipartisan proposal is rumored to contain some revenue increases as well as spending cuts. It will, like the President’s Deficit Commission, address the reality that serious deficit reduction requires growth in revenue which does not sit well with Republicans.

Will the bipartisan plan get bipartisan support?

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Posted in Budget, Economy, HuffPost Articles, Jobs, Politics | 1 Comment »

“A Path to Poverty!”

Paul Ryan’s budget plan will put America on a fast path to poverty.

Poverty in America is rising! And it’s getting uglier.

The country is dying: infrastructure decaying, housing decimated, politics corrupt, media biased, the rich greedy and dispassionate, wars suffocating—and that’s on a good day.

Though an eternal optimist it becomes increasingly difficult to find many positives in the current environment.

Especially when we learn that by the end of 2009, 43.6 million people were living in poverty which raises the level to 14.3% of our population. That number surely increased in 2010 while Jaime Dimon, Lloyd Blankfein, and their colleague’s pay increased by several millions.

How many houses do they need? How many cars?

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Posted in Budget, Economy, Politics, Romney2012 | 1 Comment »