Budget Director Cuts Time for Supercommittee to Cut Deficit
The Washington Times › September 14, 2011
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Summary
Congress' chief scorekeeper effectively shortened the window for the new deficit supercommittee to reach a deal, saying Tuesday that if lawmakers are going to meet their Thanksgiving deadline, his office will need to see an agreement at the beginning of November.
Kicking off the first hearing before the Joint Select Committee on Deficit Reduction, Congressional Budget Office Director Douglas W. Elmendorf also boosted President Obama's call for tax cuts and spending now coupled with a promise for fiscal restraint, saying that sort of plan can be consistent with deficit reduction and a stronger economy.See the full content of this document
Extract
Budget Director Cuts Time for Supercommittee to Cut Deficit
Still, he said, something must give over the long term. Taxes will have to rise dramatically or entitlement programs, such as Social Security and Medicare, will have to be scaled back.
"The fundamental question for you is not h...See the full content of this document
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