LET ME SAY ONCE AGAIN... VOTE THE INCUMBENTS OUT!


... The Senate defeated a measure that would have established a commission mandated to highlight duplicative or wasteful spending by federal government departments and agencies.

On Tuesday, lawmakers voted down the creation of a commission to recommend the spending cuts and tax increases necessary to move the federal budget deficit back toward manageable levels. Mr. Obama pledged to create such a commission using his executive authority.

Lawmakers of both parties have said this approach wouldn't be effective as the president can't oblige Congress to hold a vote on such a commission's recommendation. Taking the task of resolving the long-term fiscal imbalances from Congress' hands is an idea that has been around for years.

As the nation's fiscal position has worsened, the concept has gained steam.

Write to Corey Boles at corey.boles@dowjones.com

Comments

Post a Comment

Popular posts from this blog

Are Californians financing Iran's economy?

Image
John North More: Bio , abc7.com News Team    SACRAMENTO (KABC) -- When you pay money to your insurance company, you could be financing investments in the government of Iran. California insurance companies admit they have $12 billion in investments in Iran. The insurance commissioner wants them to divest. And he's threatening to revoke their licenses to operate in California. The legislature outlawed investments in Iran but left a big loophole. Scenes of protests in Iran are familiar to international viewing audiences. So are the allegations that Iran continues to violate its citizen's civil rights as it moves toward a nuclear capability. California Insurance commissioner Steve Poizner has been trying to enforce a new law designed to pressure Iran into changing its ways. The law prohibits insurance companies from investing in Iran. Poizner says there is a huge loophole. ...
Read more