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U.S. Mulls New Panel to Tackle Deficit
U.S. Mulls New Panel to Tackle Deficit
The White House is considering a bipartisan commission to tackle the nation's deficit, as it seeks to show resolve on a problem that threatens its broader agenda.
You can't cut the deficit without a bill that cuts the deficit
voices.washingtonpost.com — David Broder has a column today expressing skepticism that health-care reform will really cut the deficit. But... he doesn't provide much evidence for the charge. The specific budget gimmick mentioned in the column is that Reid has delayed the ... (more) You can't cut the deficit without a bill that cuts the ...
White House Weighs New Panel to Tackle Deficit
White House Weighs New Panel to Tackle Deficit
online.wsj.com — JONATHAN WEISMAN and JOHN D. MCKINNON WASHINGTON -- The White House is considering a bipartisan commission to... tackle the nation's swelling deficit, as it seeks to show resolve on a problem that threatens its broader agenda. Top White House officials, ... (more) White House Weighs New Panel to Tackle Deficit
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Deficit Commission Gains Traction In White House
Politics on HuffingtonPost.com — ... A bi-partisan commission that would tame the federal deficit by limiting cost-cutting decisions to a select number of lawmakers, thus bypassing resistance in the broader congress, is gaining traction in the White House. It's a proposal put forward the Senate Budget Committee's top-ranking Democrat Sen. Kent Conrad (ND) and Republican Sen. Judd Greg (Vt.). The Wall Street Journal reports that the White House is pondering its own commission that would be similar, but would grant lawmakers fewer power: ...

Deficit Commission Gains Traction In White House
The Huffington Post | Full News Feed — ... A bi-partisan commission that would tame the federal deficit by limiting cost-cutting decisions to a select number of lawmakers is gaining traction in the White House. Congress would be able to vote on the plan put forth by the panel, but no amendments would be made. It's a proposal put forward the Senate Budget Committee's top-ranking Democrat Sen. Kent Conrad (ND) and Republican Sen. Judd Gregg (NH). The Wall Street Journal reports that the White House is pondering its own commission that would be similar, but would grant lawmakers less power: ...

The Note's Must-Reads for Wednesday, November 25, 2009
The Note — ... ECONOMY/JOBS/STIMULUS/DEFICIT: USA Today's Rick Hampson, Judy Keen and Wendy Koch: "The spirit of this season: Be thankful, spend less" LINK USA Today's On Deadline: "Fed sees slow growth, high unemployment through 2011" LINK Boston Globe's Political Intelligence: "Republicans tell Biden: Stop using jobs numbers" LINK The Wall Street Journal’s Jonathan Weisman and John D. Mckinnon: “White House Weighs New Panel to Tackle Deficit” LINK FOREIGN AFFAIRS: The Wall Street Journal’s Jay Solomon: “U.S., India ...

Price Tags: Costs Rise for Obama on Afghanistan
The Note — ... Getting serious on spending -- or, at least, wanting to look serious: "The White House is considering a bipartisan commission to tackle the nation's swelling deficit, as it seeks to show resolve on a problem that threatens its broader agenda," The Wall Street Journal's Jonathan Weisman and John D. McKinnon report. "Senior congressional officials said the idea was gaining traction. Two officials said the White House was likely to make its own proposal for a panel, which could have less power than the proposed Conrad-Gregg commission." ...

Donnie Fowler: Deficit & Debt: The Republican Legacy
Politics on HuffingtonPost.com — ... H.W. Bush (1989-1993) Started: $3.0 trillion debt Finished: $4.3 trillion debt George W. Bush (2001-2009) Started: $5.8 trillion debt Finished: $10.8 trillion debt As Bush Jr. turned an $850 billion budget surplus into a $1.2 trillion dollar deficit, he became responsible, alone, for about 42% of the current national debt. Sources: Wall Street Journal / November 25, 2009 http://online.wsj.com/article/SB125911304434363357.html Washington Post / June 9, 2009 ...

What Israel Can Teach Us About Rebuilding an Economy
The New Republic blogs — ... than that of the U.S., and venture-capital investment per capita at 2.5 times our rate. So while Israel, besieged throughout its existence, builds its future, the United States, with every advantage in the world, devours its seed-corn. What s happening to us is not just a concatenation of policy problems; it s a test of our moral fiber and our capacity to govern ourselves. Does our government have the guts to feed us some spinach before dessert? Will the administration endorse a bipartisan budget commission with real teeth, along the lines Senator Kent Conrad advocates? Will ...

Why Progressive Activists are Giving Obama a Pass
Firedoglake — ... about going after Social Security benefits in a midterm election year. Kent Conrad is on the floor of the Senate pushing for his “commission” right now (something the White House ...

Why Progressive Activists Are Giving Obama a Pass
Commondreams.org Views — ... about going after Social Security benefits in a midterm election year.  Kent Conrad is on the floor of the Senate pushing for his “commission” right now (something the White House ...

Don't Fear the Fiscal Reapers
The American Prospect Articles — ... not today. The political problem today is that Republicans aren't willing to talk about tax increases or real spending cuts, and Democrats are willing to make some spending cuts but are still very cautious about tax increases of the level that will be needed. The phony parallelism is wrong, and responsibility for the political problem is not evenly shared, but that doesn't change the fact that a huge, irresolvable political problem exists. Perhaps Sen. Conrad was correct when he told The Wall Street Journal that "some sort of special process" was "inescapable." Such a ...

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Deficit hysteria
krugman.blogs.nytimes.com 11/23/2009 — Isn't there something weird about a conventional wisdom that's at odds with market prices?