www.mozilla.com Weather Central
Voices
Headlines

What is and is not child abuse -9/22/2014, 9:30 AM

Cannabis politics and research -9/22/2014, 9:30 AM

Future of The Mall -9/21/2014, 6:14 PM

Multiculturalism is a failure -9/19/2014, 9:52 AM

State education rankings -9/19/2014, 9:52 AM

Kobach gone wild -9/19/2014, 9:52 AM

Bias prevents civil discussion of education issues -9/18/2014, 9:35 AM

Immigration is American -9/18/2014, 9:35 AM

Costs to states not expanding Medicaid -9/17/2014, 10:14 AM

Medicare threats -9/17/2014, 10:12 AM

Green fields in northwest Kansas -9/17/2014, 10:12 AM

Consolidation by starvation -9/16/2014, 9:54 AM

School mergers tricky -9/16/2014, 9:54 AM

Hotel tipping -9/16/2014, 9:54 AM

Abuse video revealed nothing we didn't know -9/15/2014, 9:20 AM

Lessons from 13 years ago -9/15/2014, 9:20 AM

The zero option -9/14/2014, 1:31 PM

Why branding ISIS matters -9/14/2014, 1:31 PM

School efficiency -9/14/2014, 1:31 PM

Favors and loot for sale -9/12/2014, 10:10 AM

The 'college experience' -9/12/2014, 10:10 AM

Ellis schools -9/11/2014, 10:10 AM

Hold on, Mr. President -9/11/2014, 9:26 AM

The best bathroom -9/11/2014, 9:26 AM

The day the world stood still -9/11/2014, 9:26 AM

No one can play your part -9/9/2014, 9:55 AM

Playing candidate dress-up -9/9/2014, 9:55 AM

Congress at work -9/9/2014, 9:55 AM

Schmidt is the answer -9/9/2014, 9:55 AM

The liabilities of cannabis use -9/8/2014, 9:21 AM

Downtown decision -9/8/2014, 9:21 AM

Why are red states so far behind? -9/8/2014, 9:20 AM

Taylor's next move -9/5/2014, 10:16 AM

Consider trees to spruce up yard -9/5/2014, 10:15 AM

Washington takes action to reform VA -9/5/2014, 10:15 AM

Umbehr stands out -9/4/2014, 12:25 PM

Leadership education -- it's not a scam -9/4/2014, 12:24 PM

Not supporting Brownback's re-election -9/4/2014, 12:23 PM

A fair fair debate -9/3/2014, 9:23 AM

Suicide in today's age -9/3/2014, 9:23 AM

Regulation overreach -9/3/2014, 9:23 AM

Sharpton, Kobach's common ground -9/3/2014, 9:23 AM

In charge of all -9/3/2014, 9:23 AM

Pocket-book debate? -9/3/2014, 9:23 AM

Educating voters on education -9/2/2014, 9:33 AM

Crazy election season in Kansas -9/2/2014, 9:33 AM

An erosion of authenticity -8/31/2014, 4:39 PM

Blasphemy, free speech and the 'black mass' -8/31/2014, 4:39 PM

Labor Day -8/31/2014, 4:39 PM

Flexing muscles -8/29/2014, 10:00 AM

Blacks must confront reality -8/29/2014, 10:00 AM

The leadership scam -8/29/2014, 10:00 AM

Green monster -8/28/2014, 10:14 AM

The resurrection of Rick Perry -8/28/2014, 10:14 AM

Senate campaign -8/28/2014, 10:14 AM

Right to be heard? -8/26/2014, 10:08 AM

Over-covering Ferguson -8/26/2014, 10:07 AM

Figuring out the tax debate -8/26/2014, 10:07 AM

An obvious ploy -8/25/2014, 9:29 AM

Not-so-beautiful sunset -8/25/2014, 9:29 AM

Cannabis therapy -- Why bother? -8/25/2014, 9:29 AM

Business climate of Kansas -8/24/2014, 11:39 AM

James Foley: Courage in the face of danger -8/24/2014, 11:39 AM

Festering wound -8/24/2014, 11:39 AM

Big banks settling -8/22/2014, 10:16 AM

Tuition pays for this -8/22/2014, 10:16 AM

College textbook scam -8/22/2014, 10:16 AM

Policing a riot -8/21/2014, 9:45 AM

Evil strikes back -8/21/2014, 9:45 AM

Art appreciation -8/21/2014, 9:45 AM

Abuse of power -8/20/2014, 8:22 AM

Ferguson police arrest reporters for reporting -8/20/2014, 8:21 AM

Don't 'got milk' -8/20/2014, 8:21 AM

Another road map to success? -8/19/2014, 10:05 AM

It's the abuse of power, stupid -8/19/2014, 10:04 AM

Riots in Ferguson, and what they mean -8/18/2014, 9:57 AM

One of billions -8/18/2014, 9:57 AM

The GOP presents: Barack-nado -8/17/2014, 2:08 PM

Media and Missouri: What's going on? -8/17/2014, 2:08 PM

Answer the bell -8/15/2014, 8:58 AM

Get ready for denials -8/15/2014, 8:49 AM

Mental illness -8/15/2014, 8:49 AM

Mindless drones -8/14/2014, 9:27 AM

Can-do attitude -8/14/2014, 9:27 AM

'Poor door' -- a symbol of a truth we all know -8/13/2014, 9:19 AM

Eyeing the Ogallala Aquifer -8/13/2014, 9:19 AM

The slacker congress -8/12/2014, 9:02 AM

CIA vs. Senate -8/12/2014, 9:02 AM

The cannabis conundrum -- we against us -8/11/2014, 8:55 AM

The debate is over -8/11/2014, 8:54 AM

The 'Almost' Revolution -8/10/2014, 3:28 PM

Is cross a history lesson or state religion? -8/10/2014, 3:28 PM

Another downgrade -8/10/2014, 3:28 PM

State economy plays critical role in the future of FHSU -8/10/2014, 2:09 PM

Building on past successes for a stronger future -8/10/2014, 2:09 PM

Will Palin's channel rival Comedy Central? -8/8/2014, 9:25 AM

Western anti-Semitism -8/8/2014, 9:25 AM

Patrolmen without borders -8/7/2014, 10:13 AM

Not a choice -8/7/2014, 10:12 AM

Ebola politics -8/7/2014, 10:12 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

AP Breaking News
AP Nation-World News

View this site in another language.

Kansas News