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Sen. Rob Portman: A truly balanced approach to the deficit

Categories: Newsletter Government News, Top Stories, Dealer News | Author: Mike Williams | Posted: 12/11/2012 | Views: 340

The dangers of the "fiscal cliff" are by now well known. Most agree that the year-end $500 billion in tax increases and $110 billion in arbitrary, across-the-board discretionary spending cuts, including defense, must be averted to avoid plunging the U.S. economy back into recession. But how the danger is averted is important. To keep from getting right back on another cliff, President Obama and Congress must address the underlying problems of excessive spending and weak economic growth.

Washington needs to pursue structural reforms in the country's important but unsustainable entitlement programs and in an inefficient, outdated tax code. By doing so, lawmakers can responsibly avoid the immediate cliff while addressing the long-term fiscal crisis and spurring job creation.

Read more.

Source:
Wall Street Journal
Op-Ed
December 11, 2012
http://online.wsj.com/article/SB10001424127887324640104578161252979458718.html

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From the NAEDA Office

Volunteers step up to study reshaping of NAEDA.

It is rare to have an opportunity to reshape an organization - especially, one that has more than 100 years of service to its members. Change is hard. It is controversial, politically sensitive and challenging, while status quo is comfortable and uncomplicated. However, change can also be invigorating, motivating and rewarding. It can offer a once-in-a-lifetime opportunity to assume a leadership role in positioning an organization for continued success - strengthening its foundation, refocusing its priorities, enhancing its value proposition and enabling its volunteer and staff leaders to focus on the goals and objectives of the organization.   Read More...


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