Thursday, November 24, 2011

Supercommittee failure complicates election year - BusinessWeek

By JIM KUHNHENN at Bloomberg BusinessWeek

The failure of Congress' supercommittee adds a new dimension to the 2012 political contests by drawing political battle lines around broad tax increases and massive spending cuts that are now scheduled to begin automatically in 2013.

President Barack Obama and his Republican challenger now must debate urgent alternatives for reducing deficits in the face of looming consequences of congressional inaction. The lines are sharply drawn. Obama supports deficit reduction that includes a mix of spending cuts and tax increases on the wealthy. Republicans have declared themselves averse to tax hikes.

An election shaping up as a referendum on Obama's stewardship of the economy will now require the candidates to offer competing forward-looking deficit-reduction plans to avoid cuts and tax hikes that neither side wants to see materialize.

MY WAY:
1. Revoke any special healthcare privileges given to Congress or the Senate. Require them to use what is commonly available to the general public.
2. Revoke any special pension plans given to Congress or the Senate. Require them to use what is commonly available to the general public.
3. Pass the Stock Law! (HR 682 is HR 1148 now) Brian Baird and Tim Walz sponsors.
4. Spotlight members who have massively taken advantage (Pelosi, others)
5. Reduce the salary of members to a number more representative of the people.
6. Eliminate the ability to give themselves raises. That should be granted by the voters in the United States ONLY.
7. Require the members to be housed in Dormitory style housing when in Washington D.C. Require them to submit expense reports exactly like what is commonly done with the general public.

After these steps are implemented, we will see our once great government return.

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