Tuesday, November 29, 2011

The Super Committee, Budget Cuts, and our Debt

This article appeared in a San Fransisco paper today and since we have spent the last 2 days discussing the significance of this situation I thought you may want a chance to vent. Feel free to comment on your thoughts about the committee's failure and the consequences. Make sure your comments are text based and not just an emotional rant on our current dilemma with our gov't's spending.

Mr. Thompson

3 comments:

  1. This article outlines the current disagreement in Congress, as the opposing parties fail to make a compromise to reduce the national budget deficit. Republicans refuse to vote for anything regarding a raise in taxes, and the Democrats refuse to cast a vote for anything that proposes to cut entitlement programs, including social security, medicare, and medicaid. The default solution unfortunately is to make significant cuts to Pentagon spending, AKA National Defense spending. I can see how neither party wants to be viewed as weak by giving in to policies from the opposing party, as the politicians may think it could hurt their career, but I think a compromise should be raised, for the sake of national security. Maybe if they proposed a raise in taxes that is in the same proportions as the cuts to entitlements, the minimum budget-cut requirements may be met and our country could remain secure, neither party being "ripped off," per se. On the other hand, I could see our cuts in defense spending result in other NATO countries to increase their defense spending, which might just be more fair.

    --Josh Rackham

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  2. what does deadlocked mean and i think it should be cut. and how is our government spending some money?

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  3. what does deadlocked mean and i think it should be cut. and how is our government spending some money?

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