This season, we are thankful for our friends, and family, and that we live in a nation that can endure a contentious election and still have peace. (Even if the discussion around your Thanksgiving table is not always so serene.) While we are grateful for the things we have, we are mindful of the work we - especially our federal government - has ahead, especially when it comes to repairing the nation’s balance sheet and economy.
"After the election, 20 states said they've got to get out. They said, 'We can't take it anymore,' so 20 states are working on seceding from the United States. We're facing real economic problems, so take those 20 states that want to leave and charge them $10,000 apiece." --David Letterman
The debate over taxes has dominated the fiscal cliff negotiations and overshadowed the bigger problem of spending, specifically on entitlements. The president has offered a very clear vision of his plan to raise taxes as part of a balanced approach to deficit reduction, but has yet to detail how he would fully offset the sequester or address entitlements, the biggest drivers of our deficits.
After nearly two months at home for campaign season, Congress returned last week to begin its lame duck session. The majority of the action happened off the House and Senate floors as lawmakers tried to hash out a deal to avert the fiscal cliff.
After meeting with President Obama last week, Congressional leaders attempted to inject a new tone of hope and optimism into the fiscal cliff negotiations -- and this time, they’re promising not to take American to the brink of the December 31st deadline.
Less than one month out from the election and hundreds of union members are already marching on Capitol Hill today to pressure lawmakers and the White House to cave on their campaign promises to cut spending, reform entitlement programs and address our more than $16 trillion national debt.