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Lawmakers Trade Blame as Congressional Deficit Talks Crumble
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The U.S. Supercommittee in Congress fails to reach an agreement to come up with $1.2 trillion in savings to reduce the deficit by the Nov. 23, 2011 deadline. This shifts the focus to the sequester or triggering automatic cuts in Jan. 2013, as mandated in the Congressional deficit reduction deal of August 2, 2011. These automatic cuts would reduce defense spending by 10%, cut social programs without touching Medicaid and Social Security, by 7.8%, and reduce Medicare payments by 2%.
The debt Supercommittee in the U.S. Congress
11/13/2011
The debt panel in the U.S. Congress reached an impasse on the issue of new taxes one week before a November 23, 2011 deadline. Failure to reach an agreement by the deadline leads to automatic across the board cuts including defense as voted earlier by Congress.
Grouped Articles
On supercommittee, growing doubts about reaching a debt deal - The Washington Post
Washington Post 11/14/2011
Deficit Panel Seeks to Defer Details on Raising Taxes
New York Times 11/13/2011
The supercommittee’s make-or-break question - The Washington Post
Washington Post 11/17/2011
GOP supercommittee members’ tax plan gives party an identity crisis - The Washington Post
Washington Post 11/17/2011
How we can succeed through supercommittee’s ‘failure’ - The Washington Post
Washington Post 11/17/2011
‘Supercommittee’ appears unlikely to reach agreement - The Washington Post
Washington Post 11/18/2011
The U.S. Debt Ceiling and Deficit Reduction Deal of August 2, 2011
01/16/2009
The deal finally put together by Vice President Biden and Senate minority leader Mitch McConnell on August 2, 2011. The deal requires the setting up of a debt panel to come up with additional savings.
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
New York Times 10/20/2013
From Big Spending to Big Cuts, as Economy Stalls
New York Times 07/31/2011
Could this Deal Raise Budget Deficits
New York Times 08/01/2011
The President Surrenders on Debt Ceiling
New York Times 07/31/2011
Opposition to the Bush tax cuts deal between President Obama and Republicans
08/05/2010
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
House Democrats seek changes to Obama's tax-cut deal
Washington Post 12/09/2010
Dana Milbank - The Democrats' short-lived rebellion
Washington Post 12/08/2010
New York Times 12/10/2010
New York Times 12/09/2010
Poll on tax deal hints Obama still hasn't sold public
Washington Post 12/15/2010
The Bush tax cuts in 2010.
08/05/2010
In the face of rising deficits, and questions about the future solvency of Medicare and Social Security, there are questions about the Bush tax cuts which expire in December 2010 if not renewed. With high unemployment the consensus seems to be to leave the tax cuts in place for a limited period, and have serious conversation about taxes when a new presidential term begins. A Value added Tax has been suggested by Paul Volcker, similar to that in Europe.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
New York Times 08/21/2010
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
Why the Rich Donât Need a Tax-Cut Extension
New York Times 09/25/2010
Tax-Cut Vote Shows Democratic Divide
Wall Street Journal 12/03/2010
New York Times 12/02/2010
The 2010 Deficit Commission and reduction in defense spending
07/09/2010
Grouped Articles
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
The Pentagon Would Take $100 Billion Hit
Wall Street Journal 11/11/2010
Debt Commission Seeks Social Security Cuts and Tax Increases
New York Times 11/10/2010
Deficit-Cutting Chairmen Call Washington's Bluff
Wall Street Journal 11/12/2010
New York Times 11/11/2010
Why both parties in the U.S. Congress and in the Supercommittee see the trigger for automatic cuts in Jan 2013 as a better option
11/17/2011
Grouped Articles
‘Supercommittee’ appears unlikely to reach agreement - The Washington Post
Washington Post 11/18/2011
Wall Street Journal 11/18/2011
New York Times 11/17/2011
New York Times 11/19/2011
Congressional Committee at Odds on How to Cut Deficit
New York Times 11/19/2011
Lawmakers Trade Blame as Congressional Deficit Talks Crumble
New York Times 11/20/2011
Kicking the Can Down the Road- Views on the 2010 Obama-Republican Bush tax cuts deal
08/05/2010
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
Taxes, benefits and the deficit: Kicking the can down the road
Economist 12/10/2010
Bill Clinton takes the White House stage, again
Washington Post 12/11/2010
Poll on tax deal hints Obama still hasn't sold public
Washington Post 12/15/2010
Chris Van Hollen - First, fix the estate tax giveaway
Washington Post 12/15/2010
Washington Taxes Own Credibility
Wall Street Journal 12/16/2010
Selling the Bush tax cuts in the U.S. and opposition in the Democratic party in 2010
08/05/2010
Former President Clinton helps to sell the Bush tax cuts in 2010. This is an effort to salvage the agreement President Obama negotiated with the Republicans.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
Bill Clinton takes the White House stage, again
Washington Post 12/11/2010
Washington Post 12/11/2010
A Tax Deal, and a President, Under Fire
New York Times 12/10/2010
If Bill Clinton Were President
New York Times 12/11/2010
Poll on tax deal hints Obama still hasn't sold public
Washington Post 12/15/2010
David Stockman on the budget deficit reduction plans of Republicans and Democrats
01/20/2010
Stockman sees a failure to recognize budget reality in Obama's plan to avoid taxes on the middle class. He also sees a similiar failure in Paul Ryan's effort to shield defense and the rich, while at the same time focussing most of the cuts on the poorer sections of society. He says both plans put off cuts and taxes till way into the future- from 12 years to 20 years into the future.
Grouped Articles
Wall Street Journal 04/18/2013
Why we need a third party - The Washington Post
Washington Post 09/26/2011
New York Times 10/20/2013
Charlie Rose Talks to Paul Ryan
BusinessWeek 09/16/2010
The Bipartisan March to Fiscal Madness
New York Times 04/23/2011
New York Times 07/07/2011
U.S. Defense Spending in a world of Budget Deficits- post 2010.
07/09/2010
A shift in mood to a smaller defense budget that can be sustained in the long run. Smarter spending as the solution to budget constraints in a deficit world.
Grouped Articles
Shrinking Budget Forces Army Into New Battlefield
Wall Street Journal 05/10/2013
Defense Industry Shrugs Off Early Cuts
Wall Street Journal 05/12/2013
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
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