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Chief executives of more than 80 big-name US are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts.
CEOs understand that spending cuts alone will either not fix the deficit or be too drastic that it would send us into another recession.
Chief executives of more than 80 big-name US are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts.
CEOs understand that spending cuts alone will either not fix the deficit or be too drastic that it would send us into another recession.
Talk about a misleading headline, the CEOs favor the simpson bowles
Quote:
AT&T Inc. CEO Randall Stephenson said heads of capital-intensive companies, now making spending plans for next year, were easiest to enlist. They are particularly alarmed, he said, by the looming fiscal cliff, the spending cuts and tax increases set for Dec. 31 unless there is agreement on an alternative road to deficit reduction. "It is already having a direct and immediate effect on us," he said.
Quote:
The CEO statement was organized by the Fix the Debt campaign, a bipartisan effort largely inspired by Republican Alan Simpson and Democrat Erskine Bowles, who chaired a 2010 deficit panel appointed by President Obama and have been crisscrossing the country sounding fiscal alarms.
The executives called the Simpson-Bowles commission approach—about $3 in spending cuts for every $1 of tax increases—an "effective framework" for addressing what they termed "a serious threat to the economic well-being and security of the U.S."
Obama himself admitted he was not following that approach, in fact that is one thing Romney criticized him for in the debates. So please tell me how the thread title is applicable?
If big business is BAD, then why do democrats CARE what CEOs of big business think? In fact, you would expect democrats to do the exact OPPOSITE of what a big business tells them to do... very odd.
If big business is BAD, then why do democrats CARE what CEOs of big business think? In fact, you would expect democrats to do the exact OPPOSITE of what a big business tells them to do... very odd.
Who says big business is bad? Why do you think the big business is taking the Dems side on this issue?
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