Personally, I think the letter from the Philly CEOs should be read aloud in both chambers of Congress. Heck, if I were President, I'd read the damned thing at a national press conference so that the entire nation will know what business leaders think on entitlement reform, tax reform and taxation overall.
Last edited by Objective Voice; 07-26-11 at 07:54 PM.
I just found this article at WashingtonPost.com. This time it's corporate execs out of Chicago who are echoing similar sentiments as those CEOs out of Philly.
CHICAGO — Business leaders are growing exasperated with Washington. And they say the dysfunction in the political system is holding them back from hiring and investing.
A new sort of risk to growth is emerging, not from the kind of economic forces that led to the recent recession but from elected officials’ inability to agree on how to deal with them. This angst in the executive suite is reflected in this month’s uptick in lobbying by business groups eager to see a deal on the federal debt ceiling, in surveys showing falling confidence among business leaders — and, in the American heartland, by the deepening frustrations of corporate chiefs.
In interviews in this great industrial capital, senior executives in the area said they lack confidence that political leaders can execute the basic nuts and bolts of governing, as exemplified by the brinksmanship over raising the debt ceiling. Indeed, the frustration over the political climate and Washington’s seeming inability to solve problems appears to weigh more heavily in their minds than any specific government policy.
The executives are hostile to President Obama and his agenda and say higher taxes would damage their business prospects and make them less inclined to invest and hire. But in contrast to congressional Republicans’ claims that any tax increases would stop job creation in its tracks, many executives say they could tolerate somewhat higher taxes if they were part of a broader plan that offered clarity on the nation’s future policies, particularly one heavy on spending cuts.
The simple solution would be that both democrats and republicans decided on a long term goal for cutting the deficitet. Then decide on a compromise to the election 2012. That it's just next year so they can swallow their pride and come up with a compromise to that date.
That at the same time democrats make one plan and republicans makes one plan each for what they will do after the election 2012 to live up to the long term goal of cutting the deficitet. Then the voters have to decide with plan is the best. If one party wins both senate, congress and president they have the mandate to accomplise their plan. If senate, congress ends up with one party and the president with the other both sides have both a mandate and duty to comprise. But I'm not even an american so this plan is either to smart, dumb or probably both to work in your american context.
The irony here is incredible. Republicans have been droning on about how "uncertainty" is hampering the economy -- naturally blaming Obama. But what is clearly dragging on the economy is uncertainty over the debt limit, which is already pulling down the markets and increasing borrowing costs. And the Republican solution? They want a short term solution to ensure that this uncertainty continues indefinitely.
I am happy to see that there are people in the business community who echo what I have been saying about setting aside political ideology and tend to the issues in a responsible manner for the good of the nation.
I don't agree with all of their solutions but the outcome is the key.
Since about the middle of President Buch's term in office the partisan nonsense has grown to be so out of control it's sickening, and with totally unreasonable support of Obama even after his long list of failed policies and programs it has grown out of control and is dragging this Nation into the toilet.
Last edited by danarhea; 07-27-11 at 12:11 PM.
The ghost of Jack Kevorkian for President's Physician: 2016
If this was the U.K. your solution is probably viable.
See, the thing is that the voters have already put in place a divided government, and Congress already has a duty to compromise in order to move the country forward. But one party has not gotten the message.