Wednesday, February 20, 2013
Obama’s Deficit Commission Leaders Offer New Debt Plan
As I read this article I was relieved to see that some of the policy makers also had a problem with how our divided Congress is handling debt negotiations. Bowles and Simpson propose this plan to not only share what they think a good solution should be for spending cuts, but they are also proposing it to get the Repubicans and the Democrats to start to compromise and budge. What are your thoughts on their plan? Do you think this will push Congress into better negotiations? How do you think this will influence President Obama?
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I definitely think one of the key points in the article states that this could be, "...a mark for real bipartisan negotiations on a plan to reduce the deficit and grow the economy.” As long as the two sides can begin to budge a little bit, progress will be made on the debt because the consequences are too large.
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