www.mozilla.com Weather Central
Voices
Headlines

Today's faults -11/26/2014, 7:45 AM

Meatless Mondays -- forget about it -11/26/2014, 7:45 AM

Cosby, serial rapist? That's a lot to forgive -11/26/2014, 7:45 AM

Letting it fly -11/26/2014, 7:45 AM

KanCare oversight -11/26/2014, 7:45 AM

Giving thanks for blessings as Kansans -11/25/2014, 10:11 AM

Local fixes to local problems? -11/25/2014, 10:11 AM

Energy security -11/25/2014, 10:11 AM

Pipeline politics -11/24/2014, 10:04 AM

They killed Peter Kassig -11/24/2014, 10:04 AM

Going from bad to good on election night -11/23/2014, 6:38 PM

Free Speech can be shield or a sword -11/23/2014, 6:38 PM

Dodge City merger -11/22/2014, 6:38 PM

House mis-speaker -11/21/2014, 9:50 AM

Obama vs. Us -11/21/2014, 9:50 AM

Really smart conservatives love public debt -11/21/2014, 9:50 AM

Official welcome -11/20/2014, 9:52 AM

Control freaks in the U.S. -11/20/2014, 1:24 PM

How did we get here? -11/20/2014, 9:52 AM

An open letter to the GOP -11/19/2014, 10:03 AM

Successful farming -11/19/2014, 10:03 AM

Getting personal -11/18/2014, 9:15 AM

Teachers, not facilities -11/18/2014, 9:15 AM

Schoolteachers and the Legislature -11/18/2014, 9:06 AM

Water vision -11/18/2014, 9:06 AM

I see wonderful things -11/17/2014, 9:26 AM

Politics prevail over truth in Kansas elections -11/17/2014, 9:26 AM

Progress at mall -11/16/2014, 5:22 PM

Opinions on the general election -11/16/2014, 5:22 PM

Why are schools afraid of freedom? -11/16/2014, 5:22 PM

Educational fraud -11/14/2014, 9:42 AM

The American public gets smart -11/14/2014, 9:41 AM

State revenue -11/13/2014, 4:48 PM

Staying positive -11/13/2014, 2:14 PM

Democracy delusions -11/13/2014, 2:14 PM

An awesome tribute -11/13/2014, 2:14 PM

Military underpaid -11/12/2014, 2:15 PM

Success for Moran -11/12/2014, 11:54 AM

Shop wisely when you go -11/12/2014, 11:53 AM

2014: The year of no ideas -11/12/2014, 11:52 AM

Veterans Day -11/11/2014, 10:13 AM

A new start for veterans' health care -11/11/2014, 10:13 AM

Awaiting Brownback's mark -11/11/2014, 10:13 AM

Roberts and catcalls heard 'round the world -11/10/2014, 9:18 AM

Honoring all who served -11/10/2014, 9:18 AM

Brownback coalition prevails -11/9/2014, 6:03 PM

Seeing the news is necessary -11/9/2014, 6:02 PM

Immigration reform -11/9/2014, 6:02 PM

Scholar-athlete charade -11/7/2014, 8:32 AM

How about a beer and a short break? -11/7/2014, 8:32 AM

Fighting poverty -11/7/2014, 8:32 AM

Voting his mind, apparently -11/6/2014, 9:51 AM

Electing liberty -11/6/2014, 9:50 AM

UNC's troubles -11/6/2014, 9:50 AM

Fast-food pay -11/5/2014, 2:32 PM

Oil, natural gas driving security -11/5/2014, 10:20 AM

Ellis' future -11/5/2014, 10:19 AM

Family ties -11/5/2014, 10:19 AM

Quarantine questions -11/4/2014, 10:03 AM

Counting non-voter votes -11/4/2014, 10:03 AM

Low blows -11/4/2014, 10:03 AM

Take country back -11/3/2014, 4:36 PM

Big First Tea Party endorses Roberts -11/3/2014, 4:36 PM

Changing times -11/3/2014, 4:27 PM

Elect an Independent -11/3/2014, 4:27 PM

Leiker excels -11/3/2014, 4:27 PM

Watching decline -11/3/2014, 4:27 PM

Lack of respect -11/3/2014, 9:58 AM

Holding memories for Aunt Millie -11/3/2014, 9:53 AM

Playing the game -11/3/2014, 9:53 AM

Vote responsibly -11/3/2014, 9:53 AM

Sherow is change -11/3/2014, 9:53 AM

Silly season and cynical strategies -11/3/2014, 9:52 AM

No endorsement -11/3/2014, 9:52 AM

Thank you, Hays -11/3/2014, 9:52 AM

Another Koch division? -11/2/2014, 5:09 PM

A Matter of truth -11/2/2014, 5:09 PM

-11/2/2014, 5:09 PM

Leiker for House -11/2/2014, 5:08 PM

Bottom of barrel -11/2/2014, 5:08 PM

Candidate asks for support -11/1/2014, 5:09 PM

Roberts serves Kansas -11/1/2014, 5:09 PM

Face of the experiment -10/31/2014, 4:36 PM

Leiker fits the bill -10/31/2014, 4:18 PM

Ellis has a choice -10/31/2014, 3:06 PM

Health-care truth -10/31/2014, 2:55 PM

Dropping the ball -10/31/2014, 2:55 PM

Governor's tricks -10/31/2014, 2:44 PM

Ballot measures -10/31/2014, 11:10 AM

Marijuana debate -10/30/2014, 2:44 PM

Republican crossover -10/30/2014, 2:35 PM

Roberts not the answer -10/30/2014, 10:25 AM

See the signs -10/30/2014, 10:23 AM

Incumbents always win -10/30/2014, 10:23 AM

Convention center -10/30/2014, 10:23 AM

Schodorf for SOS -10/30/2014, 10:14 AM

Supermarket shenanigans -10/29/2014, 10:19 AM

Americans can fix the Senate -10/29/2014, 10:19 AM

A plea to city commissioners -10/28/2014, 8:58 AM

Having no price tag -10/28/2014, 8:58 AM

myTown Calendar

SPOTLIGHT
[var top_story_head]

Federal deficit

Published on -10/26/2012, 10:06 AM

Printer-friendly version
E-Mail This Story

As the two dominant parties in the nation's capital appear incapable of compromise regarding the country's debt/deficit problem, perhaps they would be well-served to listen to advice from the corporate sector.

Thursday, CEOs from more than 80 significant companies in America offered just that. Citing the unintended consequences of refusing to resolve the economic morass, the private-sector giants suggested a combination of tax hikes and lower spending is the responsible way to go.

"What it really comes down to is if we still have the political will to be a great country," said Dave Cote, chairman and CEO of Honeywell International.

Cote was joined by the heads of other corporations such as Aetna, Microsoft, JPMorgan Chase & Co., Time Warner Cable, Merck & Co., General Electric, Dow Chemical, Verizon Communications, Bank of America, AT&T and Allstate. The blue chip company bosses said the uncertainty created by inaction is stifling the economy and discouraging them from making large investments or hiring more workers.

The CEOs believe the federal government needs to invest more in the nation's infrastructure and boost education efforts in the fields of math and science. Concurrently, responsible reductions are required in entitlement programs such as Medicare and Medicaid. The group seconds the already-suggested plan to decrease federal spending by $3 for every $1 in tax increases. That should result in savings of some $4 trillion.

Congress decided months ago to basically await the results of the Nov. 6 general election. No matter who's elected president or has control of the House and Senate, the timeline will be short to work out a deal. The so-called fiscal cliff will be reached in early January, at which time sequestration will kick in automatically. Because of an earlier compromise crafted by Congress, if a deficit-reduction plan is not agreed to by that point taxes will go up $400 billion and $100 billion will be cut across the board from federal agencies.

It strikes us that if the private sector agrees to a balanced approach, Congress has the green light to go this route. We still wouldn't expect our elected leaders to act before the election, but there should be no excuses why they couldn't get it done before the end of the year. This is a common-sense plan worthy of pursuit.

Editorial by Patrick Lowry

plowry@dailynews.net

digg delicious facebook stumbleupon google Newsvine
More News and Photos

Associated Press Videos