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Seven top executives "propose a truce" to Democrats and GOP over budget fight

Neither party wants a short term solution, it's just the only thing it seems they may be able to agree upon. Plan C or D.

Oh, I think they do. Both parties would love to come up with a way to postpone making any hard decisions until after the next election.
 
Did anyone else notice the sheer arrogance, bad math, and selfish aims of that letter? They spouted that "job creators" bull, despite the constant layoffs coming from large corporations. They claimed to create "billions in revenue" with "thousands of employees"... billions of revenue divided by thousands of employees suggests that everyone is making millions of dollars, which we all know isn't true.
It's not the CEOs using "bad math" - your assertion that "billions in revenue with thousands of employees suggests million-dollar salaries" is only true if you assume that these giant corporations have no operating expenses.

I mean, the Federal government takes in trillions of revenue each year - should we similarly expect ten thousand dollar checks each year for every citizen, allthewhile expecting government to not only do everything it needs to do but produce a surplus at the same time?
 
Oh, I think they do. Both parties would love to come up with a way to postpone making any hard decisions until after the next election.
Perhaps that's the reason they feel they can compromise on this - but both parties would much prefer a long term solution for which they get a good share of the credit.
 
Reid said he hoped a proposal would move as“a separate piece of legislation we’d take a look at” because such a measure has “nothing to do with attaching it the debt ceiling.”

Harry Reid calls for clean debt ceiling vote - Meredith Shiner - POLITICO.com
I have an even better idea, Reid. Since everyone says they agree there need to be spending cuts, Congress can include those with the debt ceiling raise. Then the only thing we'd have to deal with in "a separate piece of legislation we'd take a look at" is whether or not to raise taxes. Sound good?
 
Better to have a closed loophole than a default or the endless threat of default causing market uncertainty.
 
The markets are already getting spooked. Today marks the 4th straight day the Dow has traded downward, and if today's market numbers are any indication of things to come, it looks like things may get worse. And it doesn't help that per this article from CNBC, a banking analyst named Dick Bove is advocating that investors "suspending investing since all stocks are likely to fall".

Congress needs to fix this problem and fast before this country plunges into a dubble-dip recession or worse!
 
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