Recently Read Books

  • A Delicate Truth- John Le Carre (fiction)
  • Perfect - Rachel Joyce (Fiction)
  • The Expats - Chris Pavone (Fiction)
  • An Event in Autumn - Henning Mankel (Fiction)
  • Winter in Madrid - C.J.Sansom (Fiction)
  • The Brothers - John Foster Dulles and Allen Dulles - non-fiction
  • LIfe Among Giants - Bill Roorbach (Novel)
  • Empty Mansions - Bill Dedman (non-fiction)
  • Woodrow Wilson (non fiction)
  • Lawrence in Arabia (Non-Fiction)
  • In Sunlight and In Shadow by Mark Helpren (Fiction)
  • Lesson in French - Hilary Reyl (fiction)
  • Unbroken- Laura Hillenbrand (Non-Fiction)
  • Venice, A New History- Thomas Madden - (Non- Fiction)
  • Life is a Gift - Tony Bennett Autobiography
  • The First Counsell - Brad Meltzer (Fiction)
  • Destiny of the Republic - President James Garfield non-fiction by Candice Millard
  • The Last Lion (volume III)- William Manchester and Paul Reid (non-fiction, Winston Churchill)
  • Yellowstone Autumn -W.D. Wetherell (non-fiction about turning 55 and fishing in Yellowstone)
  • Everybody was Young- (non-fiction Paris in the 1920's)
  • Scorpion - (non fiction US Supreme Court)
  • Supreme Power - Jeff Shesol (non-fiction)
  • Zero day by David Baldacci ( I read all of Baldacci's Books)
  • Northwest Angle - William Kent Krueger (fiction - I have read 5 or 6 books by this author)
  • Camelot's Court-Insider the Kennedy Whitehouse- Robert Dallek
  • Childe Hassam -Impressionist (a beautiful book of his paintings)

Thursday, October 25, 2012

What is Needed to Cut the Deficit

No one wants higher taxes but in order to reduce the deficit there must be a combination of tax increases and substantial government spending cuts.  I have always thought that is just common sense.  Yesterday 80 Chief Executive Officers of major US  corporations put out a joint statement acknowledging that the budget deficit is a huge problem for the US and spending decreases alone is not enough.

 See Wall Street Journal:

Chief executives of more than 80 big-name U.S. corporations, from Aetna Inc.  to Weyerhaeuser Co., are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts.

The CEOs, in a statement to be released on Thursday, say any fiscal plan "that can succeed both financially and politically" has to limit the growth of health-care spending, make Social Security solvent and "include comprehensive and pro-growth tax reform, which broadens the base, lowers rates, raises revenues and reduces the deficit."

The CEOs who signed the manifesto deem tax increases inevitable no matter which party succeeds at the polls in November. "There is no possible way; you can do the arithmetic a million different ways" to avoid raising taxes, said Mark Bertolini, CEO of Aetna. "You can't tax your way to fix this problem, and you can't cut entitlements enough to fix this problem."

If you get a a chance, read the article.

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