Wednesday, October 9, 2013

Republicans Should Trade Debt Ceiling For Better Budget Baseline

Republicans Should Trade The Debt Ceiling For A Better Budget Baseline - Forbes: "In order to make further deficit progress, Republicans in Congress should offer a simple proposal. They should agree to a continuing resolution on spending that holds spending levels as they are now, with the sequester cuts remaining in place. They should agree to raise the debt ceiling by enough to last for two or three years. In exchange, they should ask Democrats for one simple thing: an amendment to the Deficit Control Act so that the baseline budget returns to its original incarnation. This new budget baseline would only show spending increases when Congress specifically legislates them . . ." (read more at link above)


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