Everything tagged

Latest from The Spokesman-Review

Supercommittee gives up

It's official: The Supercommittee isn't super. It's a bust

A press release from Sen. Patty Murray and her supercomm co-chairman Rep. Jeb Hensarling acknowledge as much today.

Of course, they tried to put the best face on it possible, saying that they hope Congress can build on the work the supercomm did “and find a way to tackle this issue in a way that works for the American people and the economy.”

And in honor of Thanksgiving, they thanked the American people “for sharing thoughts and ideas and providing support and good will as we worked to accomplish this difficult task.”

Not sure how much good will is likely to continue, considering that the task was not accomplished. But, you know, they did need some kind of holiday reference, and it would've probably been inappropriate to suggest that this whole thing was a turkey.

To read the whole statement, go inside the blog.

Crapo to back deficit reduction plan

Idaho Sen. Mike Crapo and Sen. Tom Coburn, R-Oklahoma, released a joint statement today saying they’ll support the recommendations of the President’s National Commission on Fiscal Responsibility and Reform, on which both serve, even while calling them “flawed and incomplete.”  They said, “Everyone in America should be prepared to sacrifice, beginning with politicians in Washington. Everything has to be on the table.”

The two said, “History has not been kind to great nations who borrowed and spent beyond their means. Doing nothing will, sooner rather than later, guarantee that this nation becomes a second-rate power with less opportunity and less freedom. … The time for action is now. We can’t afford to wait until the next election to begin this process.” You can read their full statement here.

Try your hand at cutting the deficit

Think you can cut the federal deficit better than those bozos in Congress? Here’s your chance to do it…at least on paper.

The New York Times has a new budget game with a series of options for various cuts. You might notice that some of the most popular solutions, such as eliminating earmarks or instituting medical malpractice reform, don’t get you very far, but reductions to entitlements like Social Security and Medicare do.

Hucks Poll: Overhaul Tax System

  • Thursday Poll: A plurality of 66 of 241 respondents (27.4%) said the best way to lower the federal deficit is to overhaul the tax system. Other reponses include: 61 of 241 (25.3%) said the best way to cut deficit is to eliminate earmark; 46 (19.1%) said freeze pay of federal workers; 32 (13.3%) said raise retirement age; and 13 (5.4%) said make recipients of Medicare pay more for care. 11 said all of the above; 7 said none of the above, and 5 said subject employer-provided health benefits to taxes.
  • Today’s Question: Should the city of Coeur d’Alene pay the approximate $105K Mike Kennedy has accrued in legal fees in Brannon challenge?