Detail The Blair House Project; The Budget   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8733 (May 2011), page 39-40. Topik: Federal budget; Political behavior Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Last December Barack Obama and Republican leaders in Congress narrowly avoided a sharp rise in tax rates. Last month they averted a government shutdown with barely an hour to spare. They returned to the table on May 5th with another deadline looming: they must raise the ceiling on the national debt by August, or else make the federal government default on its obligations. Judging by their public postures, the prospects look poor. On May 9th John Boehner, the Republican speaker of the House of Representatives, called for "trillions, not just billions" of spending cuts as a condition of raising the debt ceiling above its current $14.3 trillion. He suggested he would rather let the government default than fail to cut spending. Mr Obama's spokesman responded that "maximalist positions do not produce compromise." Republicans have done well through such brinkmanship. They were prepared to let everyone's taxes soar in January rather than let them rise only on the rich, and to let the government close down in April to extract bigger cuts in this year's budget. Mr Obama may have to agree to a spending-only trigger, and hope that cuts to veterans' benefits and defence will be as intolerable to Republicans as tax increases. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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