Debt, debt, debt…
It seems debt is all the rage in Washington these days, and with good reason. The federal government only stays open on debt, and unless Congress and the President can agree soon, we’ll hit that limit and…well, who knows what will happen next.
Originally, negotiators were looking at a deal to cut deficits by about $2.5 trillion over 10 years.
But as the deadline approaches, Obama has raised the stakes. The goal he is now pushing for — as much as $4.5 trillion in deficit cuts over the coming decade — would require changes both in taxes and in the government’s basic safety-net programs.
“There’s going to be pain involved politically on all sides,” Obama told reporters after the White House meeting. Continue reading
Posted in Fiscal Reform
Tagged Barack Obama, budget talks, Charles Krauthammer, Congressional Budget Office, Debt, deficit, Ed Morrissey, Federal government of the United States, fiscal reform, spending problem, structural imbalance, United States Congress, war on terror, White House
Check it at the New York Times here, the Wall Street Journal here, Boing Boing here, and especially here, at Wikileaks.
It may be the “largest intelligence leak in history”.
Here are a few books that you might want to read: Taliban, by Ahmed Rashid, Ghost Wars by Steve Coll, Unholy Wars by John Cooley, and Descent into Chaos, also by Ahmed Rashid. Will the past prove to be prophetic?
Posted in Criminal Law, Government, International Interest, News Round Up, Questionable Laws and Lawmakers
Tagged Afghanistan, Ahmed Rashid, Boing Boing, CIA, Daniel Ellsberg, Department of Defense, DOD, Government Openness, intelligence, intelligence leak, Inter-Services Intelligence, ISI, New York Times, Pakistan, Pentagon Papers, politics, transparency, Wall Street Journal, War in Afghanistan (2001–present), war on terror, wikileaks