- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
Failure of supercommittee gives old debt plans new life
Lawmakers take another look at Bowles-Simpson
Question of the Day
Sen. Tom Coburn, an independent-minded conservative Republican from Oklahoma and Gang of Six member, released his own $9 trillion debt-reduction blueprint in July. The ambitious plan, which he calls “Back in Black,” is designed to balance the budget in 10 years by consolidating government duplication, weeding out waste and eliminating special-interest subsidies.
The plan included $1 trillion in Pentagon cuts and would cut foreign aid to nations profiting by loaning the money back to the U.S.
Mr. Coburn’s proposal, while applauded by many conservatives, has generated little traction on Capitol Hill.
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About the Author
Sean Lengell covers Congress and national politics and can be reached at email@example.com.
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