Posts Tagged ‘budget’

“The Fiscal Rift”

This article has been posted on Huffington Post. To read it at Huff Post click on the link.

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We’re back on the edge of a fiscal cliff and the battle rages on!

The two parties are again pressed to address fiscal compromise, facing a deadline to prevent several potentially damaging things from happening in an already fragile economy — and the rhetoric is flying.

Though many pols give the impression, in their cautiously worded statements, they believe the parties can come together to avoid the financial impasse that would cause damage to the economy and recovery. They’re reluctant to play their hands for fear of exposing an irretrievable vulnerability.

Who’s going to win this fiscal battle?

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Posted in Economy, HuffPost Articles, Politics, Rebalancing America, Taxes | Comments Off

“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 »