World-News

One-Sixth of Debt Reduction Goal

Robert Naiman, Truthout: 'By Thanksgiving, the Congressional 'Super Committee' is supposed to come up with $1.2 trillion in debt reduction over the next ten years. The Super Committee can include anything it wants in its package - short-term economic stimulus (like extending unemployment benefits and the payroll tax holiday), revenue increases from curtailing tax breaks, cuts in military or domestic spending, subject only to two constraints. To avoid automatic cuts, the package has to add up to $1.2 trillion in debt reduction over ten years. Also, to avoid automatic cuts, the package has to pass both houses of Congress in December, so the package has to have the property that it can pass the House and Senate.'

http://www.truth-out.org/ending-wars-time-would-save-200-billion-one-sixth-debt-reduction-goal/1314194678



Defense Contractors Are "Second to None" in Wasteful Spending

Ben Freeman, Project on Government Oversight: 'In what some are calling an 'unprecedented' campaign, defense contractors as an industry bloc are fighting reductions in national security spending to preserve their place on the government gravy train. Spearheaded by the reportedly enlisted the help of LMG Inc., a Washington public affairs firm, the conservative Heritage Foundation, and the Center for Strategic and Budgetary Assessments to push its agenda.'

http://www.truth-out.org/dear-super-committee-defense-contractors-are-second-none-wasteful-spending/1314637409

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Poll: 87% in US disapprove of Congress

Baton Rouge Advocate

08/25/11

Americans are plenty angry at Congress in the aftermath of the debt crisis and Republicans could pay the greatest price, a new Associated Press-GfK poll suggests. The poll finds the tea party has lost support, Republican House Speaker John Boehner is increasingly unpopular and people are warming to the idea of not just cutting spending but also raising taxes - anathema to the GOP - just as both parties prepare for another struggle with deficit reduction...

http://tinyurl.com/3ov3avt


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=spending
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=defizit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Super+Committee
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=John+Boehner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=GOP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Tea+Party
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=defense+contractor
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=rais+tax
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Naiman
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