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Large It Up; America's Deficit
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011)
,
page 14.
Topik:
Legislatures
;
Politics
;
Committees
;
Deficit Financing
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Congress guards its privileges jealously, so when it agrees to delegate much of its power, even temporarily, the moment should not be squandered. That is why so much depends on its Joint Select Committee, a group of six Democrats and six Republicans drawn equally from the House of Representatives and the Senate, which has been charged with hacking away at America's swollen deficit. By November 23rd, this "supercommittee" is supposed to come up with a plan to save at least $1.2 trillion-1.5 trillion over the next ten years. Exceptionally, any plan it agrees on will not be subject to amendment, only to a straight up-or-down vote, and it will need only a simple majority in the Senate, not the usual 60 votes out of 100. And as a final incentive, if the package fails to get through, harsher and more immediate cuts will automatically be imposed, in ways that politicians of both stripes would hate. In short, if there was ever an incentive for Barack Obama's party and its Republican opponents to do what they should have done a long time ago, it is this.
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