The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Local News

November 17, 2012

Cliff can be avoided, locals say

Politicians, college officials see hope in recent tax, spending talks

(Continued)

"We need stability so businesses and individuals can plan their future,” he said. Unless someone takes the “steering wheel” there are a long list of things, including taxing of certain Medicare benefits, that will affect everyone.

Negotiators should go back to the Simpson-Bowles fiscal commission plan released in 2010, which could serve as the framework for discussions, he said.  That plan calls for spending cuts and revenue increases as a way to cut $4 trillion from the deficit by 2020. 

“There are no easy solutions,” he said. “We need to find a pathway that would lead to more stability.”

He was optimistic the two sides could work together to meet the challenge.

“I think there is increasing recognition that it’s something to fear," he said.

Text Only
Local News

Additional Content
Join the Debate
Helium
Additional Resources
CNHI News Service
Poll

Is Israel justified to conduct its military campaign against the Hamas in Gaza?

Yes
No
Undecided/no opinion
     View Results