Posts Tagged ‘Super Committee’

“Sequestration or Secession?”

Is sequestration a fête accompli?

It’s looking more like it everyday.

We’re facing yet another incomprehensible battle in Congress, another unnecessary deadline which could have grave consequences for the nation and the global economy.

Despite being firmly established in a previous economic battle, sequestration — automatic cuts to the budget, half military and half discretionary — has become a political hot potato with both sides pointing fingers fearful of holding the proverbial spud when the music ends on March One!

So, what’s to fear from sequestration?

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Posted in Economy, On Survcast, Politics, Rebalancing America | Comments Off

“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

“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